Lorillard to Offer $750M in Senior Notes

Source from:  The Business Journal of the Greater Triad Area 06/19/2009

Greensboro tobacco company Lorillard Inc. said Thursday it will offer $750 million in senior notes. The company said proceeds from the debt securities offering will be used for general corporate purposes, which may include the repurchase, redemption or retirement of common stock, additions to working capital and capital expenditures. The senior notes will be issued by the company's main operating subsidiary, Lorillard Tobacco Co. Barclays Capital Inc.; J.P. Morgan Securities Inc.; Goldman, Sachs & Co.; and Wachovia Capital Markets are acting as joint book-running managers. Enditem