Warner Chilcott to Buy P&G Drug Unit With Bank Debt

Warner Chilcott Ltd, an Irish maker of birth-control pills & acne medicine, said it'll use bank debt to help finance its $3.1B acquisition of P&G's prescription-drug unit. JPMorgan Chase, BofA, Credit Suisse Group, Morgan Stanley, Barclays Capital & Citigroup Inc. will provide Warner Chilcott with a senior secured bank facility & a senior unsecured bridge loan, company execs said.