debt
confidence high
sentiment neutral
materiality 0.60
Lilly issues $6.5B in notes across five tranches with coupons 4.5%-5.1%
ELI LILLY & Co
- Issued $1B 4.5% Notes due 2027, $1B 4.5% Notes due 2029, $1.5B 4.7% Notes due 2034.
- Also issued $1.5B 5.0% Notes due 2054 and $1.5B 5.1% Notes due 2064.
- Net proceeds ~$6.45B after underwriting discounts; offering closed Feb 9, 2024.
- Underwriters include BofA Securities, Barclays, Citigroup, Deutsche Bank, Mizuho.
- Notes are unsecured and may be redeemed at Lilly's option under specified terms.