debt
confidence high
sentiment neutral
materiality 0.60
Viatris launches cash tender offers for up to ~$1.8B in notes due 2025-2026
Viatris Inc
- Any and all of $750M 1.650% Senior Notes due 2025 (Viatris) and €500M 2.125% Senior Notes due 2025 (Mylan) sought.
- Up to $450M of $2.25B 3.950% Senior Notes due 2026 (Utah Acquisition) with $30/$1,000 early tender premium.
- Any and All Tender Offers expire Sept 10, 2024; Maximum Tender Offer expires Oct 2, 2024; early tender deadline Sept 17.
- If less than all Viatris 2025 notes tendered, company may satisfy and discharge indenture; Mylan may redeem remaining.
- Barclays, Citigroup, and J.P. Morgan act as dealer managers for the offers.