debt
confidence high
sentiment neutral
materiality 0.55
Merck closes $6B multi-tranche debt offering with maturities from 2028 to 2056
Merck & Co., Inc.
- Issued $6B aggregate principal across seven tranches: floating rate notes due 2028 and fixed-rate notes at 4.300%-5.850% due 2028-2056.
- Tranches include $1.5B 5.200% notes due 2036 and $1B 5.850% notes due 2056.
- Offering closed May 22, 2026 via underwritten public offering under existing shelf registration.
- Use of proceeds not disclosed; debt issuance adds to long-term balance sheet leverage.