Organon Announces Pricing of $1.0 Billion Senior Notes Offering
Organon & Co. (OGN)
Company Research
Source: Business Wire
JERSEY CITY, N.J.--(BUSINESS WIRE)--Organon (NYSE: OGN) (“Organon”), a global healthcare company with a focus on women’s health, announced today that it, together with Organon Foreign Debt Co-Issuer B.V., a direct wholly-owned subsidiary of Organon, as co-issuer (the “Co-Issuer” and, together with Organon, the “Companies”), have priced an offering of $500 million of 6.750% senior secured notes due 2034 (the “Secured Notes”) and $500 million of 7.875% senior unsecured notes due 2034 (the “Unsecured Notes” and, together with the Secured Notes the “Notes”). Each series of notes will be guaranteed by each of the entities that guarantees the Companies’ existing senior secured credit facilities (the “Credit Facilities”).The Companies intend to use the net proceeds from the sale of the Notes to repay a portion of their borrowings under the Credit Facilities’ U.S. dollar-denominated “tranche B” term loan and to pay the fees and expenses incurred in connection with the foregoing.The Notes
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- Organon Q1 Earnings: Does The $1 Billion Debt Offering Signal Trouble? [Seeking Alpha]Seeking Alpha
- Organon Announces Proposed $1.0 Billion Senior Notes OfferingBusiness Wire
OGN
Earnings
- 5/2/24 - Beat
OGN
Sec Filings
- 5/17/24 - Form 8-K
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- OGN's page on the SEC website