Pershing Square Holdings closes $500 million senior notes offering

Pershing Square Holdings, Ltd. (LN: PSH) (LN: PSHD) completed the sale of $500 million in senior notes due 2032 with a 5.500% annual coupon rate, according to a company statement.

The investment holding company said it plans to use the net proceeds for general corporate purposes, including making investments and holding assets in accordance with its investment policy.

The notes were not registered under the U.S. Securities Act of 1933 and will not be offered or sold in the United States or to U.S. persons without proper registration or exemption. No public offering of the notes occurred in the United States.

Pershing Square Holdings operates as a closed-ended investment fund and is registered under Guernsey's investment scheme regulations. The company has not registered under the U.S. Investment Company Act of 1940.

The offering was restricted to professional investors and high net worth individuals in the United Kingdom, with distribution limited to persons meeting specific regulatory criteria under the Financial Services and Markets Act 2000.

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