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AbbVie plans four-part offering of senior notes via four bookrunners
By Devika Patel
Knoxville, Tenn., Sept. 13 – AbbVie Inc. plans to sell fixed-rate senior notes in four tranches, according to a 424B5 filing with the Securities and Exchange Commission.
The notes have a make-whole call and then a par call.
BofA Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and BNP Paribas Securities Corp. are the bookrunners.
Proceeds will be used to redeem or repay at maturity all of the company’s $1 billion of 2% senior notes due Nov. 6, 2018, to prepay or repay at maturity its $2 billion term loan facility and for general corporate purposes.
AbbVie is a biopharmaceutical company is based in North Chicago, Ill.
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