debt
confidence high
sentiment neutral
materiality 0.50
Amgen issues $4B of senior notes across four tranches with maturities to 2062
AMGEN INC
- Issued $750M 3.000% notes due 2029, $1B 3.350% notes due 2032, $1B 4.200% notes due 2052, $1.25B 4.400% notes due 2062.
- Net proceeds of ~$3.949B after underwriters' discounts and estimated offering expenses.
- Notes rank equally with other senior unsecured debt; effectively subordinated to subsidiary obligations.
- Interest payable semi-annually on Feb 22 and Aug 22, beginning Aug 22, 2022.
- Change-of-control trigger requires repurchase at 101% of principal plus accrued interest.