▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...

IQVIA Announces Pricing of Upsized Offering of Senior Secured Notes

IQVIA Holdings Inc. (NYSE:IQV) (the “Company”) today announced that its wholly-owned subsidiary, IQVIA Inc. (the “Issuer” or “Borrower”), priced an offering of $1,250 million in aggregate ...

Business Wire

INNOVATION PARK, N.C.: IQVIA Holdings Inc. (NYSE:IQV) (the “Company”) today announced that its wholly-owned subsidiary, IQVIA Inc. (the “Issuer” or “Borrower”), priced an offering of $1,250 million in aggregate principal amount of senior secured notes due 2029 (the “Notes”), which was upsized due to strong demand. Substantially concurrently with the closing of this offering, the Borrower intends to amend its senior secured credit facilities (the “Credit Agreement Amendment”) to provide for a new term B loan due 2031 of approximately $1,250 million (the “New Term Loan B”).

The proceeds from the Notes offering, together with the proceeds from the New Term Loan B, are expected to be used to repay certain of the outstanding term loans under the Borrower’s senior secured credit facilities due in 2024 and in 2025, and to pay fees and expenses related to the Issuer’s Notes offering and the Borrower’s Credit Agreement Amendment.

The Notes will bear interest at a rate of 6.250% per annum and will pay interest semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2024. The Notes will mature on February 1, 2029, unless earlier repurchased or redeemed in accordance with their terms. The issuance of the Notes is expected to occur on or about November 28, 2023, subject to the satisfaction of customary closing conditions.

In connection with the pricing of the Notes, the Company entered into a cross-currency swap agreement to effectively convert $1,250 million of the Notes into a euro-denominated borrowing at prevailing euro interest rates to hedge exposure to USD-denominated indebtedness created by the Notes. The effective net borrowing rate to the Company will be approximately 4.8555%, inclusive of the yield on the Notes and the beneficial impact of the cross-currency swap. The Company also intends to enter into one or more cross-currency swap agreements to hedge exposure to USD-denominated indebtedness created by the New Term Loan B.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any offer, solicitation or sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act. Any offer of the Notes will be made only by means of a private offering memorandum.


IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. IQVIA creates intelligent connections across all aspects of healthcare through its analytics, transformative technology, big data resources and extensive domain expertise. IQVIA Connected Intelligence™ delivers powerful insights with speed and agility — enabling customers to accelerate the clinical development and commercialization of innovative medical treatments that improve healthcare outcomes for patients. With approximately 87,000 employees, IQVIA conducts operations in more than 100 countries.

IQVIA is a global leader in protecting individual patient privacy. The company uses a wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment path and therapy needed for better outcomes. IQVIA’s insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors and scientific advances, in an effort to advance their path toward cures.

Forward Looking Statements

Certain statements in this press release are forward-looking statements. These statements involve a number of risks, uncertainties and other factors, including the failure to consummate the Notes offering, failure to execute the Credit Agreement Amendment and potential changes in market conditions that could cause actual results to differ materially. There can be no guarantee that the Credit Agreement Amendment will be entered into or that the New Term Loan B will be obtained on the anticipated terms or at all. The Credit Agreement Amendment and the New Term Loan B are not conditioned on the consummation of the Notes offering, and the Notes offering is not conditioned on the consummation of the Credit Agreement Amendment or the incurrence of the New Term Loan B. Further, there can be no assurances that the Company will enter into any cross-currency swap agreements to hedge exposure to USD-denominated indebtedness created by the New Term Loan B, and the closing of the Notes offering and the consummation of the New Term Loan B are not conditioned on the entry into any cross-currency swap agreements.



Nick Childs, IQVIA Investor Relations (nick.childs@iqvia.com)

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

Displaid selected by Bravo Innovation Hub

Displaid is a monitoring-as-a-Service startup that improves the management of infrastructure networks by identifying the types of damage in advance.

Lottomatica Group buys SKS365

Through the deal, Lottomatica would become the outright largest omnichannel gambling group in the Italian market.

Italian Apio for the cocoa supply chain in Africa

Apio revealed his blockchain platform at the Eurochocolate fair in Perugia (Italy).

Siav Group of Italy for the first time at Gitex in Dubai

The Enterprise Content Management company presents its international strategy along with the new Siav Connect platform and Checker app

Most read

HARMAN Acquires Roon, a popular Multi-Device, Multi-Room Audio Technology…

HARMAN, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer, and enterprise markets,…

Salesforce and AWS Expand Partnership for Customers to More Easily Build…

At AWS re:Invent, Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), and Salesforce, the #1 AI CRM (NYSE: CRM), today announced a…

The 5th World Science and Technology Development Forum Opens in Shenzhen

On the November 24, the 5th World Science and Technology Development Forum (WSTDF) opened in Shenzhen, Guangdong. Chairman of the China Association for…

Hewlett Packard Enterprise Reports Q4 Results to Close Impressive Fiscal…

Hewlett Packard Enterprise (NYSE: HPE) today announced financial results for the fourth quarter and full year ended October 31, 2023. "In fiscal year…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!