Johnson & Johnson Said to Plan $3.25 Billion Bond Offering

Deal would be the first for the company since May 2011.

Johnson & Johnson, the AAA rated maker of health-care products, is planning to sell $3.25 billion of debt in its first offering in more than two years.

The company, one of four U.S. nonfinancial borrowers with a top credit ranking, may sell six portions of bonds maturing in three to 30 years as soon as today, according to a person with knowledge of the transaction. The deal, its first since May 2011, will be used to repay existing debt.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.