IQVIA Holdings IncIQV
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Issues $2B debt at 6.375% to refinance lower-rate notes, increasing interest expense.
Impact on stocks 1
Biotech & Genomic Medicine
IQVIA Holdings IncIQVIA Holdings announced that its wholly owned subsidiary priced an offering of $2 billion in aggregate principal amount of senior notes due 2034. The proceeds will be used to redeem in full the issuer's Senior 5.000% Notes due 2026, repay a portion of outstanding indebtedness under its revolving credit facility, and pay related fees and expenses. The notes will bear interest at 6.375% per annum, payable semi-annually on March 15 and September 15, beginning March 15, 2027, and will mature on March 15, 2034. The issuance is expected to occur on or about September 23, 2026.
IQVIA Holdings IncIssues $2B debt at 6.375% to refinance lower-rate notes, increasing interest expense.