IQVIA Inc. completes $2 billion senior notes offering due 2034

IQVIA Inc., described in the filing as a wholly owned subsidiary of IQVIA Holdings Inc.¹, completed the issuance and sale of $2,000,000,000 in gross proceeds of 6.375% senior notes due 2034¹ on September 23, 2026.

The notes were issued under an indenture dated the same day, with U.S. Bank Trust Company, National Association, serving as trustee, and certain subsidiaries of the Issuer acting as guarantors¹.

According to the filing, the company plans to direct the proceeds toward retiring older debt and reducing existing borrowings. Net proceeds from the offering are intended to fully redeem the Issuer's outstanding 5.000% notes due 2026, pay down part of the balance on the Issuer's revolving credit facility, and cover fees and expenses tied to the new notes offering.¹

On the terms of the notes themselves, the filing states they are unsecured obligations of the Issuer that will come due on March 15, 2034, unless redeemed or repurchased earlier under their terms, carrying a 6.375% annual interest rate paid twice yearly on March 15 and September 15, with the first payment set for March 15, 2027.¹

The filing also outlines early redemption terms. The Issuer has the option to redeem the notes ahead of maturity, subject to a customary make-whole premium, at any point before September 15, 2029, including a customary "equity claw" redemption right, and afterward at a declining redemption premium ranging from 3.188% down to 0.000%.¹

The indenture governing the notes was filed as an exhibit to the 8-K. The full terms of the notes and indenture are qualified in their entirety by reference to that indenture document.¹ The obligation created by the notes was also reported under Item 2.03 of the filing as a new direct financial obligation of the registrant.