By Marisa Wong
Los Angeles, Nov. 28 – Iqvia Holdings Inc. wholly owned subsidiary Iqvia Inc. completed the issuance and sale of $1.25 billion of 6.25% senior secured notes due Feb. 1, 2029 (BBB-), according to an 8-K filing with the Securities and Exchange Commission.
The notes will feature an optional make-whole call until one month prior to maturity, and then they will be callable at par.
Iqvia had hosted an investor call on Nov. 13 ahead of the offering, as previously reported.
J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities LLC had been mandated as bookrunners.
Proceeds from the new notes, together with proceeds from the previously announced $1.5 billion incremental term B-4 loan, will be used to repay Iqvia’s outstanding euro-denominated term B loan due in March 2024, dollar-denominated term loan B due in January 2025 and dollar-denominated term loan due in June 2025 under the borrower’s senior secured credit facilities.
Iqvia is a Durham, N.C.-based provider of technology and research services to the life sciences industry.
| Issuer: | Iqvia Inc.
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| Guarantor: | Iqvia Holdings Inc.
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| Amount: | $1.25 billion
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| Issue: | Senior secured notes
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| Maturity: | Feb. 1, 2029
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| Bookrunners: | J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities LLC
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| Trustee: | U.S. Bank Trust Co., NA
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| Coupon: | 6.25%
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| Call option: | Make-whole call at Treasuries plus 30 bps until Jan. 1, 2029; par call after that
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| Issue date: | Nov. 28
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| Rating: | S&P: BBB-
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| Distribution: | Rule 144A and Regulation S
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