---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-232707"
form_type: "8-K"
ticker: "LLY"
cik: "0000059478"
company_name: "ELI LILLY & Co"
filed_at: "2026-05-20T20:30:32+00:00"
generated_at: "2026-05-20T20:36:26.867855+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lilly completes $9B multi-tranche debt offering tied to Centessa acquisition

## Summary
- Completed $9.0B aggregate principal debt offering across eight tranches of floating and fixed-rate notes due 2026-2066.
- Net proceeds of ~$8.94B after underwriting discounts; proceeds intended for general corporate purposes including the Centessa Acquisition.
- Interest rates: floating at SOFR+0.350% (2028) or +0.460% (2029); fixed rates from 4.150% to 5.700%.
- Certain notes (2029 floating, 2029/2031/2033/2036 fixed) subject to mandatory redemption at 101% if Centessa Acquisition not closed by March 31, 2027.
- Notes issued under existing indenture; underwriters include Morgan Stanley, Citigroup, Deutsche Bank, Goldman Sachs.

## SEC filing metadata
- accession: 0001193125-26-232707
- form_type: 8-K
- ticker: LLY
- cik: 0000059478
- company_name: ELI LILLY & Co
- filed_at: 2026-05-20T20:30:32+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59478/000119312526232707/0001193125-26-232707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59478/000119312526232707/d148580d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-232707
- JSON: https://secwatch.observer/filing/0001193125-26-232707.json
- Plain text: https://secwatch.observer/filing/0001193125-26-232707.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.