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AbbVie plans to price five series of senior notes
By Lisa Kerner
Charlotte, N.C., May 9 – AbbVie Inc. is in the market with a five-part offering of senior notes, according to a 424B3 filed with the Securities and Exchange Commission.
The offering includes tranches due 2021, 2023, 2026, 2036 and 2046.
BofA Merrill Lynch, Barclays, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the joint bookrunners.
Proceeds will be used to fund the cash component of the Stemcentrx Inc. acquisition, to finance share repurchases, to repay the company’s outstanding term loan maturing in November 2016 and for general corporate purposes.
The biopharmaceutical company is based in Abbott Park, Ill.
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