Woolworths Ltd
(ASX:WOW) has sold US$1.25 billion of senior notes, it says to refinance existing debt facilities and for general corporate purposes.
The two-part sale consists of a US$500 million senior note issue and a US$750 million senior note issue in the United States bond market.
Both are fixed rate notes and will be issued by Woolworths. In August the country’s largest supermarket chain announced an off-market share buyback to return $700 million to shareholders.
For the 52 weeks to 27 June, Woolworths delivered a 10.1 per cent increase in net profit to just over $2 billion.
