The unification of the Unilever Group’s dual headed structure comprising Unilever NV and Unilever PLC took place on 29 November 2020. On unification Unilever PLC acquired all of the assets, liabilities and legal relationships of Unilever NV and Unilever NV was dissolved without going into liquidation and ceased to exist. As part of unification, all of the bonds issued by Unilever NV under Unilever’s European Debt Issuance Programme were transferred on 26 November 2020 to Unilever Finance Netherlands BV, a wholly owned subsidiary of Unilever PLC, which is guaranteed on a joint and several basis by Unilever PLC and Unilever United States, Inc. The bonds issued by Unilever Capital Corporation under the Unilever Group’s US Shelf Registration Programme were unaffected by unification and remain guaranteed on a joint and several basis by Unilever PLC and Unilever United States, Inc.
Unilever aims to maintain a competitive balance sheet which provides us with:
- Appropriate access to the debt and equity markets
- Sufficient flexibility for acquisitions
- Sufficient resilience against economic and financial uncertainty while ensuring ample liquidity
Corporate Credit Ratings
|Standard & Poor's||Moody's|
Unilever mainly funds itself directly in the global debt capital markets. Please find below a summary of the active programs of the Group. All debt issuance programs are cross guaranteed by Unilever PLC and Unilever United States, Inc., unless otherwise stated in the relevant documentation.
|Issuer||EMTN||US Shelf||Multi-Currency Commercial Paper Programme**||USCP - 4(2) Programme***|
|Unilever PLC||USD 15bn*||Unlimited*|
|Unilever Capital Corporation||USD 25bn*||Unlimited*||Unlimited|
* Joint programme
** In case of questions, contact any of the dealers: Goldman Sachs International, J.P. Morgan Securities PLC, NatWest Markets PLC or UBS Limited
*** In case of questions, contact any of the dealers: BofAML Securities, Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC or Mizuho Securities USA LLC