20th Sep 2016 06:19
LONDON (Alliance News) - Irish pharmaceutical company Shire PLC on Tuesday said it has priced USD12.1 billion worth of senior notes to help finance its takeover of Baxalta Inc.
Shire priced USD3.3 billion in senior notes due 2019 at 1.9%; USD3.3 billion in senior notes due 2021 at 2.4%; USD2.5 billion in senior notes due 2023 at 2.875% and USD3.0 billion in senior notes due 2026 at 3.2%.
Shire said the notes are expected to be issued on Friday.
The funds will be used to fully repay funds outstanding from the bridge facility taken out to finance the USD32.0 billion acquisition of US firm Baxalta in January. The balance once this has been repaid will be used for general corporate purposes, Shire added.
By Sam Unsted; [email protected]; @SamUAtAlliance
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