Iqvia talks $800 million euro-denominated notes due 2028 in 2½% area; pricing Tuesday

By Paul A. Harris

Portland, Ore., July 29 – Iqvia Inc. talked its $800 million equivalent offering of euro-denominated senior notes due 2028 (expected ratings Ba3/BB) to yield in the 2½% area, according to market sources.

Official talk comes tight to the 2½% to 2¾% initial guidance.

Dollar-denominated books were scheduled to close on Monday. Euro-denominated books are scheduled to close at 5 a.m. ET on Tuesday.

Goldman Sachs & Co. LLC, Barclays, BofA Securities Inc., HSBC, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners for the Rule 144A and Regulation S offering.

The notes become callable after three years at par plus 75% of coupon.

The Durham, N.C.-based provider of health information technologies and clinical research plans to use the proceeds to redeem its 4 7/8% notes due May 2023 originally issue by Quintiles Transnational Corp.

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