Reckitt Benckiser Group, the maker of Lysol disinfectant and Dettol cleaning products, has established a framework to issue up to 10 billion British Pounds in debt, giving it flexibility for future financing.
The consumer goods company said on Monday it had published a base prospectus for a Euro Medium Term Note (EMTN) programme.
According to a regulatory filing, the debt would be issued by its subsidiary, Reckitt Benckiser Treasury Services plc, and guaranteed by the parent company.
Such programmes allow companies to raise capital by issuing bonds to investors more quickly as needed, without preparing new documentation for each sale.
The company did not specify in its announcement the intended use for any potential proceeds raised under the programme.
Reckitt noted that any securities issued under the facility will not be registered under U.S. securities laws.
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