Pfizer: launches series of bonds
(CercleFinance.com) - Pfizer announced today that its wholly owned subsidiary, Pfizer Investment Enterprises Pte, has launched a multi-series offering of senior unsecured bonds.
The maturity dates of these bonds are expected between two and 40 years. The bonds will be fully and unconditionally guaranteed by Pfizer.
The company intends to use the net proceeds of the offering for the financing of Pfizer's proposed acquisition of Seagen Inc. The bonds, other than any 40-year bond issue, are expected to be subject to special mandatory redemption in certain circumstances if the merger is terminated or does not close on an agreed date.
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The maturity dates of these bonds are expected between two and 40 years. The bonds will be fully and unconditionally guaranteed by Pfizer.
The company intends to use the net proceeds of the offering for the financing of Pfizer's proposed acquisition of Seagen Inc. The bonds, other than any 40-year bond issue, are expected to be subject to special mandatory redemption in certain circumstances if the merger is terminated or does not close on an agreed date.
Copyright (c) 2023 CercleFinance.com. All rights reserved.