IQVIA Inc., a wholly owned subsidiary of IQVIA Holdings Inc., has completed the issuance and sale of $2.0 billion in senior unsecured notes. The proceeds are intended to be used for refinancing existing obligations, including the redemption of older notes and repayment of credit facility debt.
Key Details
- Offering: $2,000,000,000 gross proceeds from the sale of 6.375% senior notes due 2034.
- Terms: The notes will mature on March 15, 2034, with interest at 6.375% per year, payable semi-annually on March 15 and September 15, beginning March 15, 2027.
- Use of Proceeds: Net proceeds will be used to fully redeem the company's 5.000% Senior Notes due 2026, repay a portion of outstanding debt under its revolving credit facility, and pay related fees and expenses.