Sanofi completes $1 billion bond offering
Jones Day represented Sanofi in connection with its issuance of $1 billion aggregate principal amount of 1.200% Notes due 2014 in a public offering. BofA Merrill Lynch, Citigroup, Deutsche Bank, and Natixis acted as joint-book running managers.
Sanofi, a global healthcare leader and French company listed on NYSE and Euronext Paris, used its existing automatic shelf registration statement, available to well-known seasoned issuers registered with the SEC, to quickly and easily access the U.S. market. Sanofi seized a window of opportunity in the U.S. dollar bond market and intends to use the net proceeds of the offering for general corporate purposes, including the repayment of existing borrowings.