By Rebecca Thurlow

SYDNEY--Brambles Ltd. (BXB.AU) said it priced a US$500 million guaranteed senior note issue in the U.S.

The 10-year, fixed-rate notes carry a 4.125% coupon.

Brambles said it will use the proceeds from the notes to repay borrowings under its existing revolving bank credit facilities, and for general corporate purposes.

Brambles Chief Financial Officer Zlatko Todorcevski said the issue is consistent with the company's strategy of diversifying its funding sources and lengthening the average term of its borrowings.

Settlement is expected to occur on Oct. 23.

-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com

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(END) Dow Jones Newswires

October 19, 2015 18:53 ET (22:53 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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