Thu Aug 9, 2012 10:11pm IST
Overview — Warner Chilcott PLC’s subsidiaries are issuing $600 million ofterm loans to partly finance a $1 billion shareholder dividend, or $4.00 per ordinary share, and implementing an annual dividend of $0.50 per share (approximately $125 million annually). — we are assigning our ‘BBB-’ issue-level and ’1′ recovery rating to the new senior secured debt. we are...
