01—Abstract
Summary
Summary of the 8-K filed June 18, 2026. Cited figures are marked; the original filing is the authoritative source.
On June 17, 2026, Viatris Inc. completed a public offering of €650,000,000 aggregate principal amount of 4.250%a Senior Notes due 2033.
The Notes are senior unsecured obligations of Viatris, guaranteed on a senior unsecured basis by Mylan Inc., Mylan II B.V. and Utah Acquisition Sub Inc. The offering was registered on Form S-3 (File No. 333-287087), and the Notes accrue interest from June 17, 2026, payable annually beginning June 17, 2027, maturing June 17, 2033. The company intends to use the net proceeds first to fund any amounts borrowed under its senior unsecured revolving credit facility in June 2026 in connection with the repayment at maturity of the entire $1.675 billionb outstanding principal of the 3.950% Senior Notes due 2026 issued by Utah Acquisition Sub Inc. Any remainder is to replenish cash used for that repayment, for general corporate purposes. The Indenture, dated June 17, 2026, among Viatris, the Guarantors and The Bank of New York Mellon, as trustee, includes covenants restricting sale-and-leaseback transactions, certain liens, certain subsidiary guarantees without parallel guarantees of the Notes, and consolidations, mergers or sales of substantially all assets.
It also provides customary events of default. Before April 17, 2033, the Notes may be redeemed at the greater of par or a make-whole-style present value plus 25 basis points, and at par thereafter. A change of control triggers an offer to purchase at 101%c of principal plus accrued interest.
02—Key points
Key Highlights
- Viatris completed a €650 million offering of 4.250% Senior Notes due June 17, 2033 on June 17, 2026.
- The Notes are senior unsecured obligations of Viatris, guaranteed on a senior unsecured basis by Mylan Inc., Mylan II B.V. and Utah Acquisition Sub Inc.
- Net proceeds are intended first to fund any June 2026 revolver borrowings used to repay the entire $1.675 billion of 3.950% Senior Notes due 2026.
- Any remaining proceeds are to replenish cash used for the 2026 Senior Notes repayment, for general corporate purposes.
- Interest is payable annually beginning June 17, 2027.
- Optional redemption before April 17, 2033 is at the greater of par or a present-value price plus 25 basis points; at par thereafter.
- A change of control triggers an offer to purchase the Notes at 101% of principal plus accrued and unpaid interest.
03—Questions
Frequently Asked Questions
How much debt did Viatris issue and on what terms?
Viatris issued €650,000,000 aggregate principal amount of 4.250% Senior Notes due June 17, 2033. Interest accrues from June 17, 2026 and is payable annually beginning June 17, 2027.
What will the proceeds be used for?
The company intends to use the net proceeds first to fund any revolving credit facility borrowings in June 2026 used to repay the entire $1.675 billion of 3.950% Senior Notes due 2026, and any remainder to replenish cash used for that repayment, for general corporate purposes.
Who guarantees the Notes?
The Notes are guaranteed on a senior unsecured basis by Mylan Inc., Mylan II B.V. and Utah Acquisition Sub Inc.
Can Viatris redeem the Notes early?
Yes. Before April 17, 2033, the company may redeem the Notes in whole or in part at the greater of 100% of principal or a present-value amount discounted at the applicable Comparable Government Bond Rate plus 25 basis points, plus accrued and unpaid interest. On or after April 17, 2033, redemption is at 100% of principal plus accrued and unpaid interest.
What protections do holders have?
The Indenture restricts sale-and-leaseback transactions, certain liens, certain subsidiary guarantees without parallel guarantees of the Notes, and company consolidations, mergers or sales of substantially all assets. Upon a change of control, the company must offer to purchase the Notes at 101% of principal plus accrued and unpaid interest, unless it has exercised its redemption right. Customary events of default are also included.
04—Continue