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Viatris Announces the Pricing Terms of Pending Any and All Cash Tender Offers
PITTSBURGH, Sept. 10, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS, "Viatris" or the "Company") announced today the pricing terms of the previously
About this update from Viatris Inc.
[{"type":"text","content":"PITTSBURGH, Sept. 10, 2024 /PRNewswire/ -- Viatris Inc. (NASDAQ: VTRS, \"Viatris\" or the \"Company\") announced today the pricing terms of the previously announced cash tender offers (the \"Any and All Tender Offers\" and each, an \"Any and All Tender Offer\") of Viatris and its subsidiary Mylan Inc. (\"Mylan\" and, together with Viatris, the \"Offerors\" and each, an \"Offeror\") for any and all of the outstanding 1.650% Senior Notes due 2025 issued by Viatris (the \"Viatris Notes\") and 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\"). The terms and conditions of the Any and All Tender Offers are described in the Offer to Purchase, dated September 4, 2024 (the \"Offer to Purchase\"). The Any and All Tender Offers are scheduled to expire at 5:00 p.m., New York City time, today, September 10, 2024, unless extended or earlier terminated.\nThe Reference Yield, Repurchase Yield and Total Consideration (each as defined more fully in the Offer to Purchase) with respect to each Any and All Tender Offer are detailed in the table below.\nIssuer andOfferor\nTitle ofSecurity\nCUSIP / ISIN /Common Code\nPrincipalOutstanding\nBenchmark\nReferenceYield\nFixedSpread(basispoints)\nRepurchaseYield\nTotalConsideration (1)\nViatris Inc.(f/k/a UpjohnInc.)\n1.650%Senior Notesdue 2025\nCUSIP / ISIN:\n92556VAB2 /US92556VAB27\n$750,000,000\n2.875%UST due6/15/2025\n4.397 %\n25bps\n4.647 %\n$977.66\nMylan Inc.\n2.125%Senior Notesdue 2025\nISIN / CommonCode Number:XS1801129286 /180112928 \n€500,000,000\nBUBILL 0%8/20/2025\n2.698 %\n30bps\n2.998 %\n€994.12\n(1) Per $1,000 or €1,000 principal amount, as applicable.\nUpon consummation of each Any and All Tender Offer, the applicable Offeror will pay the Total Consideration (as shown in the table above) for each $1,000 principal amount of Viatris Notes or €1,000 principal amount of Mylan Notes, as applicable, in each case validly tendered and accepted for payment, plus accrued and unpaid interest up to, but not including the settlement date for such Any and All Tender Offers (expected to be September 16, 2024). The applicable Total Consideration was calculated in the manner described in the Offer to Purchase by reference to the applicable fixed spread specified in the table above plus the applica...