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Viatris Announces Cash Tender Offers for Certain Outstanding Notes
PITTSBURGH, Sept. 4, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS, "Viatris" or the "Company") announced today that it and its subsidiaries, Mylan Inc.
About this update from Viatris Inc.
[{"type":"text","content":"PITTSBURGH, Sept. 4, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS, \"Viatris\" or the \"Company\") announced today that it and its subsidiaries, Mylan Inc. (\"Mylan\") and Utah Acquisition Sub Inc. (\"Utah Acquisition\" and, together with Viatris and Mylan, the \"Offerors\" and each, an \"Offeror\"), have commenced tender offers (each individually, with respect to a series of notes, a \"Tender Offer\" and, collectively, the \"Tender Offers\") to purchase for cash (1) any and all of the outstanding 1.650% Senior Notes due 2025 issued by Viatris (the \"Viatris Notes\"), (2) any and all of the outstanding 2.125% Senior Notes due 2025 issued by Mylan (the \"Mylan Notes\" and, together with the Viatris Notes, the \"Any and All Notes\", and the tender offers with respect thereto, the \"Any and All Tender Offers\") and (3) up to $450,000,000 aggregate principal amount of the outstanding 3.950% Senior Notes due 2026 issued by Utah Acquisition (the \"Maximum Tender Offer Notes\", and the tender offer with respect thereto, the \"Maximum Tender Offer\", and the Maximum Tender Offer Notes together with the Any and All Notes, the \"Securities\").\nAny and All of the Outstanding Securities Listed Below (collectively, the \"Any and All Notes\")\nIssuer and Offeror\nTitle of Security\nCUSIP / ISIN / Common Code\nPrincipal Outstanding\nMaturity Date\nBenchmark\nFixed Spread (basis points)\nBloomberg Reference Page\nViatris Inc. (f/k/a Upjohn Inc.)\n1.650% Senior Notes due 2025\nCUSIP / ISIN:\n92556VAB2 / US92556VAB27\n$750,000,000\nJune 22, 2025\n2.875% UST due 6/15/2025\n25bps\nFIT3\nMylan Inc.\n2.125% Senior Notes due 2025\nISIN / Common Code Number:\nXS1801129286 / 180112928 \n€500,000,000\nMay 23, 2025\nBUBILL 0% 8/20/2025\n30bps\nFIT GEACT\nUp to $450,000,000 Aggregate Principal Amount(a) of the Outstanding Securities Listed Below (\"Maximum Tender Offer Notes\")\nIssuer and Offeror\nTitle of Security\nCUSIP/ISIN\nPrincipal Outstanding\nMaturity Date\nBenchmark\nFixed Spread (basis points)\nEarly Tender Payment(b)(c)\nBloomberg Reference Page\nUtah Acquisition Sub Inc.\n(successor to Mylan N.V.)\n3.950% Senior Notes due 2026\nRegistered Notes (CUSIP / ISIN):\n62854AAN4 / US62854AAN46\n \nRule 144A Notes (CUSIP / ISIN):\n62854A AD6 / US62854AAD63\n \nRegulation S Notes (CUSIP / ISIN):\nN59465AD1 / USN59465AD15\n$2,250,000,000\nJune 15, 20...