Fitch gives BBB to Mylan notes

Fitch Ratings said it assigned a BBB- rating to Mylan NV's senior unsecured notes offering.

The company intends to use net proceeds to finance its pending acquisition of Meda AB and the refinancing. It will also be used to pay costs associated with the acquisition and refinancing including non-periodic fees, costs and expenses, stamp registration and other taxes.

Upon completion of this offering, Mylan intends to reduce the commitments under the bridge credit agreement in an amount equal to the aggregate net proceeds from the offering of the notes.

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