Loan & DebtAug 6, 2026, 08:06 AM
ICON Prices $2.15B Senior Unsecured Notes
AI Summary
ICON plc announced the pricing of $2.15 billion in senior unsecured notes through its subsidiary, ICON Investments Six Designated Activity Company. The offering consists of three series of notes with varying principal amounts, interest rates, and maturity dates. The net proceeds are intended to be used to repay outstanding borrowings under a bridge facility credit agreement, existing senior secured term loans, and to redeem the outstanding 5.809% Senior Secured Notes due 2027. The offering is expected to close on August 13, 2026, subject to customary closing conditions.
Key Highlights
- ICON priced $2.15 billion in senior unsecured notes.
- The offering includes $500 million of 5.064% Notes due 2029.
- It also includes $1.0 billion of 5.421% Notes due 2031.
- And $650 million of 5.995% Notes due 2036.
- Proceeds will repay the Bridge Secured Credit Facility and Existing Term Loans.
- Proceeds will also redeem the outstanding 5.809% Senior Secured Notes due 2027.
- The offering is expected to close on August 13, 2026.
Price Impact
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