Viatris entered into an amended and restated term loan credit agreement for a ¥40,000,000,000 senior unsecured term loan. Proceeds will be used for general corporate purposes, including repayment of its prior 2021 ¥40,000,000,000 facility. The loan initially bears interest at the TIBO rate plus 1.10%, with the margin varying by the company’s debt ratings, and matures three years from closing. The agreement includes customary covenants, including a maximum leverage ratio of 3.75x.
Agreement details:
- Agreement type: Senior unsecured three-year term loan facility (JPY ¥40,000,000,000)
- Counterparty: Mizuho Bank, as administrative agent, and other lenders
- Signed / Effective: Jul 01 2026 / same
- Duration / Termination: 3 years
- Reason: Refinance existing JPY term loan and general corporate purposes
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.