H&R Block $1 billion notes issue

Overview:

• H&R Block has issued $1 billion in notes.
• The offering was done through H&R's wholly owned subsidiary Block Financial, and will be partially used to fund H&R's simultaneous tender offer for shares of its common stock.
• Weil Gotshal & Manges (Jennifer Bensch, David Lefkowitz) advised H&R Block.
• Sullivan & Cromwell advised the consortium of underwriters.

Kurt Stumpo - Journalist - North America and the Caribbean