debt
confidence high
sentiment neutral
materiality 0.65
AbbVie issues $15B in senior notes across 7 tranches to fund acquisitions and repay debt
AbbVie Inc.
- Issued $15.0B aggregate principal of senior notes maturing 2027-2064 with coupons from 4.800% to 5.500%.
- Proceeds will prepay $5.0B term loan used for ImmunoGen acquisition and fund pending Cerevel acquisition.
- Notes are unsecured, unsubordinated obligations ranking equally with existing unsecured indebtedness.
- Underwriters include Morgan Stanley, J.P. Morgan, BofA Securities, and Citigroup.