NEW YORK--(BUSINESS WIRE)--Apr. 1, 2013--
International Flavors & Fragrances Inc. (NYSE: IFF) announced today it
has priced an underwritten public offering of $300 million aggregate
principal amount of 3.20% senior notes due 2023. The offering is
expected to close on April 4, 2013, subject to customary closing
conditions. IFF intends to use the net proceeds from the sale of the
notes of the offering for general corporate purposes, including working
capital.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as
joint book-running managers for the offering. The offering of the notes
is being conducted pursuant to an effective shelf registration statement
filed with the Securities and Exchange Commission (the “SEC”), and only
by means of a prospectus supplement and accompanying prospectus, copies
of which may be obtained on the SEC’s website at www.sec.gov
or from:
Morgan Stanley & Co. LLC
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J.P. Morgan Securities LLC
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180 Varick Street
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383 Madison Avenue
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New York, NY 10014
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New York, NY 10179
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Attn: Prospectus Department
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Attn: Investment Grade Syndicate Desk
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866-718-1649
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212-834-4533
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This press release does not constitute an offer to sell, or a
solicitation of an offer to buy, any security, including the notes. No
offer, solicitation, or sale will be made in any jurisdiction in which
such an offer, solicitation, or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
jurisdiction.
Cautionary Statement under the Private
Securities Litigation Reform Act of 1995
This press release includes “forward-looking statements” under the
Federal Private Securities Litigation Reform Act of 1995. These
statements involve risks and uncertainties that could cause actual
results to differ materially, including, but not limited to, the
satisfaction of customary closing conditions with respect to the
offering of the notes, prevailing market conditions, and the anticipated
use of the proceeds of the offering of the notes which could change as a
result of market conditions or for other reasons, and corporate
considerations and the impact of general economic, industry or political
conditions in the United States or internationally. Additional risks and
uncertainties relating to the offering, IFF and its business can be
found in IFF’s SEC filings, including IFF’s Annual Report on Form 10-K
for the year ended December 31, 2012 filed with the Commission on
February 26, 2013. IFF undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
About International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer
products. Consumers experience these unique scents and tastes in fine
fragrances and beauty care, detergents and household goods, as well as
beverages, sweet goods and food products. IFF leverages its competitive
advantages of consumer insight, research and development, creative
expertise, and customer intimacy to provide customers with innovative
and differentiated product offerings. A member of the S&P 500 Index, IFF
has more than 5,700 employees working in 32 countries worldwide.
Source: International Flavors & Fragrances Inc.
Investor Relations:
International Flavors & Fragrances Inc.
Shelley
Young, 212-708-7271
Director, Investor Relations