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Alcon (NYSE:ALC) has priced a public offering of EUR500M of its 2.375% senior notes due 2028. The notes will be issued by an indirect wholly-owned subsidiary Alcon Finance B.V. The offering is expected to close on May 31, 2022. Proceeds will be used for general corporate purposes, which may include the refinancing, in whole or in part, of its existing indebtedness. In a day, SA Quant Rating went to a Hold from a Buy on the back of the Valuation dropping to a D- from D.