Iqvia launches $1.25 billion term loan B at SOFR plus 225-250 bps

By Sara Rosenberg

New York, Nov. 13 – Iqvia Inc. held a lender call at 11 a.m. ET on Monday to launch a $1.25 billion term loan B due 2031 (BBB-) that is talked at SOFR plus 225 basis points to 250 bps with a 0% floor and an original issue discount of 99, according to a market source.

The term loan has 101 soft call protection for six months, the source said.

JPMorgan Chase Bank is the left lead on the deal. BofA Securities Inc. is the administrative agent.

Commitments are due at 5 p.m. ET on Nov. 20, the source added.

Proceeds will be used with senior secured notes to repay an existing euro term loan B-1 due 2024 and to repay a portion of U.S. term loan borrowings due 2025.

Iqvia is a Danbury, Conn.-based provider of advanced analytics, technology solutions and contract research services to the life sciences industry.

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