IQVIA HOLDINGS INC. (IQV): debt financing — IQVIA subsidiary issues $1.25B in senior secured and senior notes to repay revolver

IQVIA HOLDINGS INC.

Issued $750M 5.700% senior secured notes due 2028 and $500M 6.500% senior notes due 2030.
Net proceeds to repay existing borrowings under revolving credit facility and pay offering fees/expenses.
Senior Secured Notes mature May 15, 2028; Senior Notes mature May 15, 2030; interest semi-annual.
Notes are guaranteed by IQVIA Holdings and certain subsidiaries; secured notes are secured obligations.

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

IQVIA HOLDINGS INC. incurred senior notes of $750,000,000 in gross proceeds with IQVIA Inc. (Issuer), U.S. Bank Trust Company, National Association (trustee/collateral agent), IQVIA Holdings Inc. and certain subsidiaries (guarantors) at 5.700% per year maturing May 15, 2028.

Instrument: senior notes
Principal: $750,000,000 in gross proceeds
Counterparty: IQVIA Inc. (Issuer), U.S. Bank Trust Company, National Association (trustee/collateral agent), IQVIA Holdings Inc. and certain subsidiaries (guarantors)
Rate: 5.700% per year
Maturity: May 15, 2028
Event: incurrence

Exact text from the filing

On May 23, 2023, IQVIA Inc. (the “Issuer”), a wholly owned subsidiary of IQVIA Holdings Inc. (the “Company”), completed the issuance and sale of $750,000,000 in gross proceeds of the Issuer’s 5.700% senior secured notes due 2028 (the “Senior Secured Notes”) and $500,000,000 in gross proceeds of 6.500% senior notes due 2030 (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”).

View on SEC.gov

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

IQVIA HOLDINGS INC. incurred senior notes of $500,000,000 in gross proceeds with IQVIA Inc. (Issuer), U.S. Bank Trust Company, National Association (trustee), certain subsidiaries of the Issuer (guarantors) at 6.500% per year maturing May 15, 2030.

Instrument: senior notes
Principal: $500,000,000 in gross proceeds
Counterparty: IQVIA Inc. (Issuer), U.S. Bank Trust Company, National Association (trustee), certain subsidiaries of the Issuer (guarantors)
Rate: 6.500% per year
Maturity: May 15, 2030
Event: incurrence

Exact text from the filing

On May 23, 2023, IQVIA Inc. (the “Issuer”), a wholly owned subsidiary of IQVIA Holdings Inc. (the “Company”), completed the issuance and sale of $750,000,000 in gross proceeds of the Issuer’s 5.700% senior secured notes due 2028 (the “Senior Secured Notes”) and $500,000,000 in gross proceeds of 6.500% senior notes due 2030 (the “Senior Notes” and, together with the Senior Secured Notes, the “Notes”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

IQVIA HOLDINGS INC. entered into Secured Notes Indenture with U.S. Bank Trust Company, National Association valued at $750,000,000 in gross proceeds of 5.700% senior secured notes due 2028 (effective 2023-05-23).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $750,000,000 in gross proceeds of 5.700% senior secured notes due 2028
Effective: 2023-05-23

Exact text from the filing

completed the issuance and sale of $750,000,000 in gross proceeds of the Issuer’s 5.700% senior secured notes due 2028 (the “Senior Secured Notes”)

View on SEC.gov

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IQVIA HOLDINGS INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-151851

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