Organon & Co. and Organon Foreign Debt Co-Issuer B.V. Announces Pricing of $1.0 Billion Senior Notes Offering
Summary
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? term loan and to pay the fees and expenses incurred in connection with the foregoing.The Notes will be fully and unconditionally guaranteed on a secured or unsecured basis, as applicable, jointly and several, by all of Organon?s existing or future subsidiaries that guarantee the debt under its senior credit facilities. The initial offering price to investors will be 100% of the principal amount thereof. Accordingly, the Notes are being offered and sold only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act exclusively to persons other than retail investors in the European Economic Area, whereby each a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, ?MiFID II? ), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II.