debt
confidence high
sentiment neutral
materiality 0.50
BMY subsidiary issues €5B notes (2.973%-4.581%) to fund tender offer and general purposes
BRISTOL MYERS SQUIBB CO
- Issued €5B across five tranches: €750M (2030, 2.973%), €1.15B (2033, 3.363%), €1.15B (2038, 3.857%), €750M (2045, 4.289%), €1.2B (2055, 4.581%).
- Proceeds plus ~$3B cash on hand will fund a tender offer for existing BMY notes and pay fees.
- Notes are fully and unconditionally guaranteed by BMY on a senior unsecured basis.
- Interest payable annually on Nov 10 beginning Nov 10, 2026; optional redemption at make-whole spreads of +10 to +20 bps.