Gilead Prices $5 Billion of Senior Unsecured Notes
Gilead Sciences, Inc. (NASDAQ:GILD) today announced the pricing of senior unsecured notes in an aggregate principal amount of $5 billion, in an underwritten, registered public offering, consisting of five tranches:
- $500 million of 1.950% senior notes maturing in 2022
- $750 million of 2.500% senior notes maturing in 2023
- $1,250 million of 2.950% senior notes maturing in 2027
- $750 million of 4.000% senior notes maturing in 2036
- $1,750 million of 4.150% senior notes maturing in 2047
The senior notes are rated A by Standard & Poor’s and A3 by Moody’s. The offering is expected to close September 20, 2016, subject to customary closing conditions.
Gilead intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of debt, working capital, payment of dividends, the repurchase of its outstanding common stock pursuant to its authorized share repurchase program and future acquisitions.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC are acting as lead joint book-running managers in the offering. The offering of the securities is being made only by means of a prospectus supplement and the accompanying base prospectus, which is filed as part of Gilead’s effective shelf registration statement on Form S-3 (File No. 333-194298), copies of which may be obtained from:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
J.P. Morgan Securities LLC
|NCI-004-04-43||383 Madison Ave.|
|2000 North College Street, 3rd Floor||New York, NY 10179|
|Charlotte, NC 28255-0001||Attn: Investment Grade Syndicate Desk|
|Attention: Prospectus Department||(212) 834-4533|
An electronic copy of the prospectus supplement and the accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission’s website at http://www.sec.gov/ .
This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Gilead Sciences
Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in areas of unmet medical need. The company’s mission is to advance the care of patients suffering from life-threatening diseases. Gilead has operations in more than 30 countries worldwide, with headquarters in Foster City, California.
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks, uncertainties and other factors, including the current market demand for these types of securities and the securities of Gilead, Gilead’s ability to consummate the offering in the currently anticipated timeframe or at all and the negotiations between Gilead and the underwriters. These risks, uncertainties and other factors could cause actual results to differ materially from those referred to in the forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. These and other risks that could impact the offering are described in detail in Gilead’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, as filed with the U.S. Securities and Exchange Commission, and may be updated by the risk factors set forth in any subsequent filing by Gilead with the U.S. Securities and Exchange Commission. All forward-looking statements are based on information currently available to Gilead, and Gilead assumes no obligation to update any such forward-looking statements.
For more information on Gilead Sciences, please visit the company’s website at www.gilead.com , follow Gilead on Twitter (@GileadSciences) or call Gilead Public Affairs at 1-800-GILEAD-5 or 1-650-574-3000.
Gilead Sciences, Inc.
Sung Lee, 650-524-7792
Michele Rest, 650-577-6935
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
SAILPOINT18.10.2018 07:03 | pressemeddelelse
SailPoint Celebrates Identity Champions at Navigate ’18 Europe
MORI-MEMORIAL-FOUNDATION18.10.2018 05:42 | pressemeddelelse
London Solidifies Lead, New York Rises Fast and Tokyo Retains 3rd in Global Rankings
NY-DILIGENT17.10.2018 21:50 | pressemeddelelse
Board Members Serve as the Critical Link to Security and Corporate Governance, Diligent Survey Finds
JPMORGAN-CHASE-BANK17.10.2018 20:15 | pressemeddelelse
JPMorgan Chase Bank Announces Initial Exchange Price for the Cash-Settled Exchangeable Bonds into Dufry Due 2021
TX-MOUSER-ELECTRONICS17.10.2018 17:42 | pressemeddelelse
Mouser Electronics and Grant Imahara Launch New Series All Things IoT about Technology Redefining How We Live
TX-MAVENIR17.10.2018 17:01 | pressemeddelelse
Telefónica Deutschland Selects Mavenir vIMS for Deployment on ‘UNICA’
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum