ICON Announces Pricing of USD 2.15 Billion Notes
ICON priced $2.15 billion of senior unsecured notes across three tranches, extending maturities to 2029, 2031, and 2036 with coupon rates ranging from 5.064% to 5.995%. Net proceeds will fully repay the bridge facility and existing term loans, and redeem the 2027 Senior Secured Notes, effectively pushing out the debt wall.
Key figures
- Deal Value Usd
- 2150000000
- Redeemed notes
- 5.809% Senior Secured Notes due 2027
- Tranche 2029 rate
- 5.064%
- Tranche 2031 rate
- 5.421%
- Tranche 2036 rate
- 5.995%
- Tranche 2029 principal
- $500 million
- Tranche 2031 principal
- $1.0 billion
- Tranche 2036 principal
- $650 million
AI analysis
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