debt
confidence high
sentiment neutral
materiality 0.60
IQVIA subsidiary prices $1.25B notes offering to refinance credit facility
IQVIA HOLDINGS INC.
- IQVIA Inc. priced $750M senior secured notes due 2028 at 5.700% and $500M senior notes due 2030 at 6.500%.
- Total offering upsized from $1B to $1.25B due to strong demand.
- Proceeds to repay existing borrowings under IQVIA Inc.'s revolving credit facility and pay related fees.
- Issuance expected to close May 23, 2023, subject to customary conditions.