Shire prices $12.1 billion public offering of senior notes

Ireland-incorporated Shire (LSE: SHP) announced today that its wholly-owned subsidiary, Shire Acquisitions Investments Ireland Designated Activity Company (SAIIDAC), priced its inaugural public offering of $12.1 billion aggregate principal amount of senior notes. The offering consists of four series of senior notes:

$3.3 billion 1.900% Senior Notes due 2019;
$3.3 billion 2.400% Senior Notes due 2021;
$2.5 billion 2.875% Senior Notes due 2023; and
$3.0 billion 3.200% Senior Notes due 2026

The notes are expected to be issued on September 23, 2016, subject to customary closing conditions. Shire intends to use the net proceeds to fully repay amounts outstanding under its January 2016 bridge facilities agreement, which were used to finance its $32 billion acquisition of Baxalta and for general corporate purposes.