secwatch / observer
8-K filed May 17, 2024, 7:59 PM ET ticker OGN CIK 0001821825
debt confidence high sentiment neutral materiality 0.75

Organon issues $1B in senior notes, amends credit facilities to extend maturities and reduce rates

Organon & Co.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Organon & Co. entered into Indentures for 6.750% Senior Secured Notes due 2034 and 7.875% Senior Unsecured Notes due 2034 with U.S. Bank Trust Company, National Association valued at two series of notes totaling $1,000,000,000 principal amount: $500,000,000 6.750% senior secured not (effective 2024-05-17).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
two series of notes totaling $1,000,000,000 principal amount: $500,000,000 6.750% senior secured not
Effective
2024-05-17
Exact text from the filing
On May 17, 2024, Organon & Co. (the “ Company ”) and Organon Foreign Debt Co-Issuer B.V., a Dutch private limited liability company ( besloten vennootschap met beperkte aansprakelijkheid ) and wholly-owned subsidiary of Organon (the “ Co-Issuer ”, and together with the Company, the “ Companies ”), closed their previously announced private offering (the “ Notes Offering ”) of $500 million of 6.750% senior secured notes due 2034 (the “ Secured Notes ”) and $500 million of 7.875% senior unsecured notes due 2034 (the “ Unsecured Notes ” and, together with the Secured Notes, the “ Notes ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Organon & Co. entered into Amendment No. 2 to Senior Secured Credit Agreement and Amendment to Security Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at amendment to existing senior secured credit facilities: extended maturity of Dollar Term Facility to (effective 2024-05-17).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Value
amendment to existing senior secured credit facilities: extended maturity of Dollar Term Facility to
Effective
2024-05-17
Exact text from the filing
On May 17, 2024, the Companies entered into Amendment No. 2 to Senior Secured Credit Agreement and Amendment to Security Agreement (the “ Credit Agreement Amendment ”), by and among the Companies as borrowers, the Subsidiary Guarantors, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent.
View on SEC.gov

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Organon & Co. filing history →

Source: SEC EDGAR
accession 0001104659-24-063008
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