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IFF Announces Pricing of Tender Offers For Certain Outstanding Series of Notes
NEW YORK, May 16, 2025--IFF (NYSE: IFF) announced today the Total Consideration (as defined below) payable in connection with its previously announced tender offers to purchase for cash: (i) up to $1,100,000,000 aggregate purchase price, excluding accrued and unpaid interest (the "Amended Pool 1 Maximum Amount"), of its 1.230% Senior Notes due 2025 (the "2025 Notes"), 1.832% Senior Notes due 2027 (the "2027 Notes"), 4.450% Senior Notes due 2028 (the "2028 Notes") and 2.300% Senior Notes due 2030
About this update from International Flavors & Fragrances, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":363,"url":"https://media.zenfs.com/en/business-wire.com/766ea95563a35e9be2552f9f62c8145a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/AD0W5nWStMYmrTeeaOrFew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTcyNjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/766ea95563a35e9be2552f9f62c8145a","width":480,"height":363}},"lazy":false},{"type":"text","content":"NEW YORK, May 16, 2025--(BUSINESS WIRE)--IFF (NYSE: IFF) announced today the Total Consideration (as defined below) payable in connection with its previously announced tender offers to purchase for cash: (i) up to $1,100,000,000 aggregate purchase price, excluding accrued and unpaid interest (the "Amended Pool 1 Maximum Amount"), of its 1.230% Senior Notes due 2025 (the "2025 Notes"), 1.832% Senior Notes due 2027 (the "2027 Notes"), 4.450% Senior Notes due 2028 (the "2028 Notes") and 2.300% Senior Notes due 2030 (the "2030 Notes" and collectively with the 2025 Notes, the 2027 Notes and the 2028 Notes, the "Pool 1 Notes") and (ii) up to $900,000,000 aggregate purchase price, excluding accrued and unpaid interest (the "Amended Pool 2 Maximum Amount" and, together with the Amended Pool 1 Maximum Amount, the "Amended Maximum Amounts"), of its 3.268% Senior Notes due 2040 (the "2040 Notes"), 4.375% Senior Notes due 2047 (the "2047 Notes"), 5.000% Senior Notes due 2048 (the "2048 Notes") and 3.468% Senior Notes due 2050 (the "2050 Notes" and collectively with the 2040 Notes, the 2047 Notes and the 2048 Notes, the "Pool 2 Notes" and, together with the Pool 1 Notes, the "Notes"), subject to prioritized acceptance levels listed in the table below ("Acceptance Priority Levels"), Series Tender Caps (as defined below), if applicable, and the terms and conditions of the tender offers.","length":1544,"tagName":"p"},{"type":"text","content":"The table below sets forth, among other things, the aggregate principal amount of each series of Notes validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on May 15, 2025 (the "Early Tender Date") and expected to be accepted ...