debt
confidence high
sentiment neutral
materiality 0.60
Teva issues €1.5B and $3.2B senior notes; proceeds to redeem existing notes
TEVA PHARMACEUTICAL INDUSTRIES LTD
- Issued €1.0B 4.250% notes due 2033 and €0.5B 4.625% notes due 2036.
- Issued $1.0B 5.500% notes due 2034, $1.0B 5.750% notes due 2037, and $1.2B 5.250% notes due 2032.
- Proceeds redeem all 6.750% 2028, 7.875% 2029, 7.375% 2029, and 8.125% 2031 notes; up to $450M of 2027 notes and €1.15B of 2030 notes.
- Remaining proceeds for general corporate purposes; notes guaranteed by Teva on senior unsecured basis.