debt
confidence high
sentiment neutral
materiality 0.75
Bristol-Myers Squibb launches $7B cash tender offer for 15 series of outstanding notes
BRISTOL MYERS SQUIBB CO
- Offers up to $4B for Pool 1 notes (2026-2029 maturities) and $3B for Pool 2 notes (2031-2097).
- Early tender deadline Nov 17, 2025; expiration Dec 3, 2025; early tender premium $50 per $1,000 principal.
- Financing from new debt offering by subsidiary plus ~$3B cash on hand; accepted notes will be cancelled.
- Dealer managers: Citigroup, Deutsche Bank, Goldman Sachs, Morgan Stanley.