debt
confidence high
sentiment neutral
materiality 0.60
Royalty Pharma closes $1.5B senior notes offering across three tranches
Royalty Pharma plc
- Issued $500M 5.150% notes due 2029, $500M 5.400% notes due 2034, $500M 5.900% notes due 2054.
- Interest payable semiannually on March 2 and September 2, starting March 2025.
- Notes are senior unsecured guaranteed by Royalty Pharma Holdings Ltd.
- Issuer may redeem notes at specified prices; change-of-control repurchase provisions apply.
- Offering closed June 10, 2024; aggregate principal $1.5B.