IMS Health Announces Pricing on Upsized Offering of Senior Notes In Connection with Quintiles IMS Merger
September 14 2016 - 11:10AM
Business Wire
IMS Health Holdings, Inc. (NYSE:IMS) today announced the pricing
of its offering of $1.75 billion equivalent in gross proceeds of
senior notes, consisting of $1.05 billion of U.S. Dollar notes and
€625 million of Euro notes to be issued by its wholly owned
subsidiary, IMS Health Incorporated. The offering was upsized from
the previously announced $1.5 billion equivalent aggregate
principal amount. The net proceeds from the notes offering
(together with proceeds from additional term loans and other
available cash) will primarily be used to extinguish certain of the
issuer’s and Quintiles’ existing indebtedness in connection with
the previously announced proposed merger between IMS Health and
Quintiles.
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The $1.05 billion U.S. Dollar notes will bear interest at a rate
of 5.0% and will pay interest semi-annually in arrears on April 15
and October 15 of each year beginning on April 15, 2017. The U.S.
Dollar notes will mature on October 15, 2026.
The €625 million Euro notes will bear interest at a rate of 3.5%
and will pay interest semi-annually in arrears on April 15 and
October 15 of each year beginning on April 15, 2017. The Euro notes
will mature on October 15, 2024.
Certain statements in this press release are forward-looking
statements. These statements involve a number of risks,
uncertainties and other factors including the failure to consummate
the notes offering and potential changes in market conditions that
could cause actual results to differ materially.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes. The notes to be offered
have not been, and will not be, registered under the Securities Act
of 1933 and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of the Securities Act of 1933. The notes are being
offered only to qualified institutional buyers in the United States
in reliance on Rule 144A under the Securities Act of 1933 and
outside the United States only to non-U.S. investors pursuant to
Regulation S.
About IMS Health
IMS Health (NYSE:IMS) is a leading global information and
technology services company providing clients in the healthcare
industry with end-to-end solutions to measure and improve their
performance. Our 7,000 services experts connect configurable SaaS
applications to 15+ petabytes of complex healthcare data in the IMS
One™ cloud platform, delivering unique insights into diseases,
treatments, costs and outcomes. The company’s 15,000 employees
blend global consistency and local market knowledge across 100
countries to help clients run their operations more efficiently.
Customers include pharmaceutical, consumer health and medical
device manufacturers and distributors, providers, payers,
government agencies, policymakers, researchers and the financial
community.
As a global leader in protecting individual patient privacy, IMS
Health uses anonymous healthcare data to deliver critical,
real-world disease and treatment insights. These insights help
biotech and pharmaceutical companies, medical researchers,
government agencies, payers and other healthcare stakeholders to
identify unmet treatment needs and understand the effectiveness and
value of pharmaceutical products in improving overall health
outcomes. Additional information is available at
www.imshealth.com.
About Quintiles
Quintiles (NYSE:Q) helps biopharma and other healthcare
companies improve their probability of success by connecting
insights from our deep scientific, therapeutic and analytics
expertise with superior delivery for better outcomes. From advisory
through operations, Quintiles is the world’s largest provider of
product development and integrated healthcare services, including
commercial and observational solutions. Conducting operations in
approximately 100 countries, Quintiles is a member of the Fortune
500 and has been named to Fortune’s list of the “World’s Most
Admired Companies.” To learn more, visit www.quintiles.com.
Important Information about the Transaction and Where to Find
It
In connection with the proposed transaction, IMS Health and
Quintiles have filed documents with the SEC, including the filing
by Quintiles of a registration statement on Form S-4 that includes
a joint proxy statement that also constitutes a prospectus of
Quintiles. The registration statement, as amended, was declared
effective on August 15, 2016 by the SEC. Quintiles filed the
definitive joint proxy statement/prospectus with the SEC on August
16, 2016. On August 19, 2016, each of IMS Health and Quintiles
mailed that document to their respective shareholders and may also
file other documents with the SEC regarding the proposed
transaction. This document is not a substitute for the joint proxy
statement/prospectus or registration statement or any other
document which IMS Health or Quintiles may file with the SEC.
Investors and security holders of IMS Health and Quintiles are
urged to read the registration statement, the joint proxy
statement/prospectus and any other relevant documents, as well as
any amendments or supplements to these documents, carefully and in
their entirety when they become available because they will contain
important information. Investors and security holders may
obtain free copies of the registration statement and the joint
proxy statement/prospectus and other documents filed with the SEC
by IMS Health and Quintiles through the web site maintained by the
SEC at www.sec.gov or by contacting the investor relations
department of IMS Health or Quintiles at the following:
IMS Health Quintiles
ir@imshealth.com
InvestorRelations@quintiles.com
+1.203.448.4600 +1.919.998.2590 Investor Relations 4820 Emperor
Boulevard 83 Wooster Heights RD PO Box 13979 Danbury, CT, 06810
Durham, North Carolina 27703
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version on businesswire.com: http://www.businesswire.com/news/home/20160914005899/en/
Tor ConstantinoIMS Health Media
Relations+1.484.567.6732tconstantino@us.imshealth.comorTom
KinsleyIMS Health Investor
Relations+1.203.448.4691tkinsley@imshealth.comorPhil
BridgesQuintiles Media
Relations+1.919.998.1653phil.bridges@quintiles.comorTodd
KasperQuintiles Investor
Relations+1.919.998.2590InvestorRelations@quintiles.com
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