debt
confidence high
sentiment neutral
materiality 0.60
AbbVie completes $10B senior notes offering to fund Apogee acquisition
AbbVie Inc.
- Issued $10.0B aggregate principal across 9 tranches: floating rate notes due 2028 and fixed-rate notes from 4.500% due 2028 to 6.100% due 2066.
- Net proceeds to fund cash consideration for Apogee Therapeutics acquisition and related fees; remainder for general corporate purposes.
- Special mandatory redemption at 101% of principal if Apogee deal terminates before closing (excludes 2056 and 2066 notes).
- Notes are unsecured, unsubordinated, rank equally with existing debt; make-whole redemption provisions apply to fixed-rate notes.
- Offering completed August 18, 2026; supplemental indenture No. 13 filed with trustee U.S. Bank Trust Company.