secwatch / observer
8-K filed March 9, 2023, 6:59 PM ET ticker TEVA CIK 0000818686
debt confidence high sentiment neutral materiality 0.70

TEVA PHARMACEUTICAL INDUSTRIES LTD (TEVA): debt financing — Teva issues €1.3B and $1.1B senior notes at 7.375%-8.125% to fund $2.5B tender offer

TEVA PHARMACEUTICAL INDUSTRIES LTD

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

TEVA PHARMACEUTICAL INDUSTRIES LTD incurred senior notes of €800,000,000 aggregate principal amount of 7.375% Sustainability-Linked Senior Notes due 2029; €500,000,000 aggregate pr with The Bank of New York Mellon, as trustee at 7.375% per annum (2029 Euro Notes); 7.875% per annum (2031 Euro Notes and 2029 U maturing September 15, 2029 for the 2029 Euro Notes and 2029 USD Notes; September 15, 2031 for the 2031 USD Notes and 2031 Euro Notes.

Instrument
senior notes
Principal
€800,000,000 aggregate principal amount of 7.375% Sustainability-Linked Senior Notes due 2029; €500,000,000 aggregate pr
Counterparty
The Bank of New York Mellon, as trustee
Rate
7.375% per annum (2029 Euro Notes); 7.875% per annum (2031 Euro Notes and 2029 U
Maturity
September 15, 2029 for the 2029 Euro Notes and 2029 USD Notes; September 15, 2031 for the 2031 USD Notes and 2031 Euro Notes
Event
incurrence
Exact text from the filing
On March 9, 2023, (i) Teva Pharmaceutical Finance Netherlands II B.V. (“ Teva Finance II ”), a wholly owned subsidiary of Teva Pharmaceutical Industries Limited (the “ Company ”), issued €800,000,000 aggregate principal amount of 7.375% Sustainability-Linked Senior Notes due 2029 (the “ 2029 Euro Notes ”) and €500,000,000 aggregate principal amount of 7.875% Sustainability-Linked Senior Notes due 2031 (the “ 2031 Euro Notes ” and, together with the 2029 Euro Notes, the “ Euro Notes ”); and (ii) Teva Pharmaceutical Finance Netherlands III B.V. (“ Teva Finance III ” and, together with Teva Finance II, the “ Issuers ”), a wholly owned subsidiary of the Company, issued $600,000,0000 aggregate principal amount of 7.875% Sustainability-Linked Senior Notes due 2029 (the “ 2029 USD Notes ”) and $500,000,000 aggregate principal amount of 8.125% Sustainability-Linked Senior Notes due 2031 (the “ 2031 USD Notes ” and, together with 2029 USD Notes, the “ USD Notes ” and together with the Euro Note
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TEVA PHARMACEUTICAL INDUSTRIES LTD entered into Senior Indenture dated March 14, 2018 as supplemented by Fourth Supplemental Indenture dated March 9, 2023 with The Bank of New York Mellon valued at €800,000,000 of 7.375% Sustainability-Linked Senior Notes due 2029; €500,000,000 of 7.875% Sustainab (effective 2023-03-09).

Action
entry
Agreement
notes offering
Counterparty
The Bank of New York Mellon
Value
€800,000,000 of 7.375% Sustainability-Linked Senior Notes due 2029; €500,000,000 of 7.875% Sustainab
Effective
2023-03-09
Exact text from the filing
On March 9, 2023, (i) Teva Pharmaceutical Finance Netherlands II B.V. (“ Teva Finance II ”), a wholly owned subsidiary of Teva Pharmaceutical Industries Limited (the “ Company ”), issued €800,000,000 aggregate principal amount of 7.375% Sustainability-Linked Senior Notes due 2029 (the “ 2029 Euro Notes ”) and €500,000,000 aggregate principal amount of 7.875% Sustainability-Linked Senior Notes due 2031 (the “ 2031 Euro Notes ” and, together with the 2029 Euro Notes, the “ Euro Notes ”); and (ii) Teva Pharmaceutical Finance Netherlands III B.V. (“ Teva Finance III ” and, together with Teva Finance II, the “ Issuers ”), a wholly owned subsidiary of the Company, issued $600,000,0000 aggregate principal amount of 7.875% Sustainability-Linked Senior Notes due 2029 (the “ 2029 USD Notes ”) and $500,000,000 aggregate principal amount of 8.125% Sustainability-Linked Senior Notes due 2031 (the “ 2031 USD Notes ” and, together with 2029 USD Notes, the “ USD Notes ” and together with the Euro Note
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-066281
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