Zoetis Inc. announced on August 11, 2025, that it agreed to sell $1.85 billion of senior notes in an underwritten public offering. The offering consists of $850.0 million aggregate principal amount of 4.150% senior notes due 2028 and $1.0 billion aggregate principal amount of 5.000% senior notes due 2035.
The company intends to use the net proceeds primarily to repay the principal of its 4.500% senior notes due 2025 ($750 million) and its 5.400% senior notes due 2025 ($600 million). The remainder will be used for general corporate purposes.
This financing move demonstrates Zoetis's proactive approach to managing its debt profile and maintaining financial flexibility. The offering is expected to close on August 18, 2025, subject to customary closing conditions.
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