Warner Chilcott sells $750 million of senior notes, proceeds to go toward special dividend

Warner Chilcott prices $750M debt offering

SEATTLE — Irish drugmaker Warner Chilcott PLC said Thursday its subsidiaries sold $750 million of senior notes in a private placement.

The company said Warner Chilcott Co. LLC and Warner Chilcott Finance LLC sold the 7.75 percent senior notes due 2018. The notes offering is set to close on or about Aug. 20.

The company said it plans to use net proceeds plus $1.5 billion in additional loans to pay for a special dividend of $8.50 per share, plus related fees and expenses.