secwatch.observer — SEC 8-K summary
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Issuer:     ELI LILLY & Co (LLY)
CIK:        0000059478
Form:       8-K
Filed at:   2026-05-20T20:30:32+00:00
Accession:  0001193125-26-232707
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59478/000119312526232707/0001193125-26-232707-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59478/000119312526232707/d148580d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-232707

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