Summary
Merck & Co., Inc. (MRK) filed a Form 8-K on May 20, 2013, to report the closing of a significant underwritten public offering of debt securities. The company successfully raised a total of $6.4 billion through the issuance of various notes with different maturities and interest rate structures. This debt issuance includes $1 billion in 0.700% Notes due 2016, $500 million in Floating Rate Notes due 2016, $1 billion in 1.300% Notes due 2018, $1 billion in Floating Rate Notes due 2018, $1.75 billion in 2.800% Notes due 2023, and $1.25 billion in 4.150% Notes due 2043.
Key Highlights
- 1Merck closed a substantial public offering of debt, raising a total of $6.4 billion.
- 2The offering comprised six series of notes with maturities ranging from 2016 to 2043.
- 3Included in the offering were both fixed-rate notes and floating-rate notes.
- 4The fixed-rate notes offered had coupon rates ranging from 0.700% to 4.150%.
- 5The debt issuance was conducted under the company's effective Registration Statement on Form S-3 (Registration No. 333-185248).
- 6The company has provided detailed exhibits, including officers' certificates and legal opinions, related to the issuance of each series of notes.