Item 1.01 Entry into a Material Definitive Agreement
Notes Offering and Notes Indenture
On March 3, 2021, IQVIA Inc. (the "Issuer"), a wholly owned subsidiary of IQVIA
Holdings Inc. (the "Company"), completed the issuance and sale of €1,450,000,000
in gross proceeds of (i) €550,000,000 aggregate principal amount of its 1.750%
Senior Notes due 2026 (the "2026 Notes") and (ii) €900,000,000 aggregate
principal amount of its 2.250% Senior Notes due 2029 (the "2029 Notes" and,
together with the 2026 Notes, the "Notes"). The Notes were issued pursuant to an
Indenture, dated March 3, 2021 (the "Indenture"), among the Issuer, U.S. Bank
National Association, as trustee of the Notes, and certain subsidiaries of the
Issuer as guarantors.
The net proceeds from the Notes offering will be used to redeem all of the
Issuer's outstanding 3.250% senior notes due 2025 (the "3.250% Notes"),
including the payment of premiums in respect thereof and to pay fees and
expenses related to the Notes offering. On February 16, 2021, the Issuer issued
a conditional notice of redemption with respect to the 3.250% Notes, for a total
redemption price equal to the sum of the principal amount of the 3.250% Notes,
accrued and unpaid interest on the 3.250% Notes to the redemption date and the
applicable redemption premium. The Issuer's obligations with respect to the
3.250% Notes were discharged on the same day as the Issuer completed the
issuance of the Notes.
The 2026 Notes are unsecured obligations of the Issuer, will mature on March 15,
2026 and will bear interest at the rate of 1.750% per year, with interest
payable semi-annually on March 15 and September 15 of each year, beginning on
September 15, 2021. The 2029 Notes are unsecured obligations of the Issuer, will
mature on March 15, 2029 and will bear interest at the rate of 2.250% per year,
with interest payable semi-annually on March 15 and September 15 of each year,
beginning on September 15, 2021. Interest will accrue from March 3, 2021 for
both series of the Notes.
The Issuer may redeem (i) the 2026 Notes prior to their final stated maturity,
subject to a customary make-whole premium, at any time prior to March 15, 2023
(subject to a customary "equity claw" redemption right) and thereafter subject
to a redemption premium declining from 0.875% to 0.000% and (ii) the 2029 Notes
prior to their final stated maturity, subject to a customary make-whole premium,
at any time prior to March 15, 2024 (subject to a customary "equity claw"
redemption right) and thereafter subject to a redemption premium declining from
1.125% to 0.000%. The Issuer may choose to redeem the 2026 Notes and the 2029
Notes, either together or separately, on a non-ratable basis.
The foregoing description of the Notes and the Indenture is qualified in its
entirety by reference to the Indenture, a copy of which is filed as Exhibit 4.1
to this Current Report on Form 8-K.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
The information set forth above under Item 1.01 of this Current Report on Form
8-K relating to the Notes is incorporated by reference into this Item 2.03.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
4.1 Indenture, dated March 3 , 202 1 , among IQVIA Inc., as Issuer,
U.S. Bank National Association, as trustee of the Notes, and certain subsidiaries
of the Issuer, as guarantors.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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