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Celgene prices $4.5B debt offering at modest discount
Feb. 9, 2018 7:44 AM • SA Editor Douglas W. House
Celgene (NASDAQ:CELG) prices the four series of senior unsecured notes for a total of $4.5B at a slight discount.
$500M will bear interest of 2.875% and mature in 2021 (priced to yield 2.891%).
$1B will bear interest of 3.25% and mature in 2023 (priced to yield 3.303%).
$1.5B will bear interest of 3.90% and mature in 2028 (priced to yield: 3,942%).
$1.5B will bear interest of 4.55% and mature in 2048 (priced to yield 4.587%).
Net proceeds will help fund the Juno transaction. Closing date is February 20.