07:55 AM EST, 12/15/2025 (MT Newswires) -- Zoetis ( ZTS ) said Monday it plans to offer $1.75 billion worth of convertible senior notes due 2029 in a private offering.

Zoetis ( ZTS ) said it also intends to grant initial purchasers a 13-day option to buy up to $250 million worth of additional notes.

Zoetis ( ZTS ) said it intends to use net proceeds from the offering to fund certain derivatives transactions and buy back shares as part of an ongoing $6 billion authorization.