ITEM 2.03. Creation of a Direct Financial Obligation.
On
Interest on the Notes will accrue from
The Company may redeem some or all of the Notes, at any time or from time to time prior to the Par Call Date (as defined below) at a redemption price equal to the greater of: (i) 100% of the principal amount of the Notes being redeemed; and (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption), discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Indenture), plus 25 basis points, plus accrued and unpaid interest on the Notes to be redeemed to the redemption date.
In addition, at any time on or after
The Notes are senior unsecured obligations and rank equal in right of payment to the Company's other senior unsecured debt from time to time outstanding. The Notes are effectively subordinated to any secured debt the Company incurs to the extent of the collateral securing such indebtedness, and will be structurally subordinated to all future and existing obligations of the Company's subsidiaries.
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The Indenture and the Third Supplemental Indenture contain covenants with respect to the Company that, among other things, restrict the creation of liens, sale-leaseback transactions, consolidations, mergers and dispositions of all or substantially all of the Company's assets. The covenants are subject to a number of important exceptions and qualifications.
This description of the Indenture and Third Supplemental Indenture is a summary only and is qualified in its entirety by the full and complete terms of the Indenture and Third Supplemental Indenture, copies of which are attached as Exhibit 4.1 and Exhibit 4.2 hereto, respectively, and incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits.
(c) Exhibits. Exhibit Description 4.1 Indenture, dated as ofDecember 10, 2021 , betweenChurch and Dwight Co., Inc. andDeutsche Bank Trust Company Americas , as trustee, incorporated by reference to Exhibit 4.1 to the Company's current report on Form 8-K filed onDecember 10, 2021 . 4.2 Third Supplemental Indenture, dated as ofNovember 2, 2022 , betweenChurch & Dwight Co., Inc. andDeutsche Bank Trust Company Americas , as trustee, relating to the Notes. 5.1 Opinion ofProskauer Rose LLP relating to the Notes. 23.1 Consent ofProskauer Rose LLP (contained in the opinion filed as Exhibit 5.1 hereto). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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