debt
confidence high
sentiment neutral
materiality 0.60
Bristol-Myers Squibb issues $6B in notes across 2032-2062 maturities
BRISTOL MYERS SQUIBB CO
- Completed $6B offering: $1.75B 2.95% notes due 2032, $1.25B 3.55% due 2042, $2B 3.70% due 2052, $1B 3.90% due 2062.
- Interest payable semi-annually on March 15 and September 15, beginning September 15, 2022.
- Notes redeemable at option prior to applicable par call dates with make-whole spreads of 15-25 bps.
- Issued under an indenture with customary covenants, restrictions, and events of default.