Viatris Inc. has completed a public offering of €650 million in senior unsecured notes to refinance existing debt. The proceeds are intended to fund the repayment of amounts borrowed under its revolving credit facility, which were used for the recent repayment of $1.675 billion in senior notes that matured in June 2026.
Key Details
- Offering Size: €650,000,000 aggregate principal amount of 4.250% Senior Notes.
- Terms & Maturity: The notes mature on June 17, 2033, with interest payable annually beginning June 17, 2027. They are senior unsecured obligations guaranteed by Mylan Inc., Mylan II B.V., and Utah Acquisition Sub Inc.
- Use of Proceeds: The company will use the net proceeds to repay borrowings under its credit facility, which were drawn in connection with the repayment of its $1.675 billion 3.950% Senior Notes due 2026.