Summary by Futu AI
Accenture Capital Inc., a subsidiary of Accenture plc, has announced the issuance of $5 billion in senior notes, guaranteed by Accenture plc. The offering includes four tranches: $1.1 billion of 3.900% senior notes due 2027, $1.2 billion of 4.050% senior notes due 2029, $1.2 billion of 4.250% senior notes due 2031, and $1.5 billion of 4.500% senior notes due 2034. The notes are unsecured and rank equally with Accenture Capital's other unsecured obligations. Interest on the notes will be paid semi-annually with the first payment commencing on April 4, 2025. The notes were offered to the public through a syndicate of banks, with J.P. Morgan, BofA Securities, and Citigroup acting as joint book-running managers. The proceeds from the note issuance are intended for general corporate purposes, which may include repaying existing debt. The sale of the notes is expected to close on or about October 4, 2024.