debt
confidence high
sentiment neutral
materiality 0.75
BioMarin prices $850M 5.500% notes due 2034 and syndicates $2B term loan for Amicus acquisition
BIOMARIN PHARMACEUTICAL INC
- $850M 5.500% senior notes due 2034; price 100%; expected close Feb 12, 2026.
- Syndicated $2B term loan B, plus $800M term loan A and $600M revolver for pending Amicus acquisition.
- Proceeds from notes and term loans, plus cash on hand, to fund Amicus acquisition consideration and fees.
- If acquisition not completed by Dec 19, 2026, notes subject to special mandatory redemption at 100% plus accrued interest.
- Notes guaranteed by BioMarin subsidiaries including Amicus post-closing; covenants limit debt, dividends, liens.