Quintiles announces conditional redemption of 4 1/8% notes due 2023

By Sarah Lizee

Olympia, Wash., Sept. 11 – Quintiles IMS Holdings, Inc.’s wholly owned subsidiary, Quintiles IMS Inc., delivered a conditional notice of redemption for its 4 1/8% euro-denominated senior notes due 2023, according to a press release.

The notes will be redeemed using the proceeds from an offering of senior notes due 2025, through which the company intends to raise €420 million.

The company will also use the proceeds from an amendment to its senior secured credit facility, which is expected to provide for an incremental term loan B of up to $750 million.

Quintiles IMS is an integrated information and technology-enabled health care service provider. It maintains headquarters in Danbury, Conn. and Research Triangle Park, N.C.

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