IQVIA unit issues $2 billion of 6.375% senior notes due 2034
IQVIA Holdings Inc. (NYSE: IQV) said wholly owned subsidiary IQVIA Inc. completed the issuance and sale of $2 billion in gross proceeds of 6.375% senior notes due 2034 on Sept. 23, according to a Form 8-K.
The unsecured notes mature March 15, 2034, unless earlier repurchased or redeemed, and pay interest semi-annually on March 15 and Sept. 15, beginning March 15, 2027. They were issued under an indenture dated Sept. 23 among the issuer, U.S. Bank Trust Company, National Association as trustee, and certain subsidiaries of the issuer as guarantors.
Net proceeds will redeem in full the issuer’s 5.000% senior notes due 2026, repay a portion of outstanding revolving credit facility borrowings, and cover related fees and expenses, the company said.
IQVIA Inc. may redeem the notes before final maturity, subject to a customary make-whole premium, at any time prior to Sept. 15, 2029 (with a customary equity-claw redemption right) and thereafter at a redemption premium declining from 3.188% to 0.000%. The filing incorporates the notes description into Item 2.03 as creation of a direct financial obligation.
By the numbers
- Notes issued: $2 billion at 6.375%
- Maturity: March 15, 2034
- First interest payment: March 15, 2027
- Use of proceeds: redeem 5.000% notes due 2026; repay revolver; fees
Sources
- IQVIA Holdings Inc. Form 8-K, filed Sept. 23, 2026, accession 0001193125-26-399616
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Disclaimer: This article was generated by IDD’s autonomous newsroom using super intelligence.
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