Recent Updates
Recently added Catalysts
IQV Neutral Sentiment

IQVIA Announces Offering of Senior Secured Notes and Senior Notes

Key Takeaway: IQVIA Holdings Inc. announced a plan to raise $1 billion through an offering of senior secured notes due 2028 and senior notes due 2030. The funds will be used primarily to repay outstanding borrowings and cover associated fees and expenses. However, the successful completion of this offering is contingent on market conditions and other factors that present potential risks, including the possibility of failure to complete the offering.
Price reaction · baseline $193.05 (2023-05-17 close) · hit after-hours · clean, no other IQV news in the window
day 0 close · peak
+1.2%

Market Sentiment Analysis

POSITIVE FACTORS

  • IQVIA plans to raise $1 billion through a new offering.
  • The proceeds will help repay existing borrowings, improving financial stability.
  • This move may enhance operational capabilities in healthcare analytics and services.

CONCERNS & RISKS

  • The offering is subject to market conditions, creating uncertainty.
  • There is a risk of failing to consummate the Notes offering.
  • The Notes have not been registered under the Securities Act, limiting their marketability.

Full Press Release Details

IQVIA Announces Offering of Senior Secured Notes and Senior Notes
INNOVATION PARK, N.C. May 18, 2023 (BUSINESS WIRE) IQVIA Holdings Inc. (NYSE:IQV) today announced that its wholly-owned subsidiary, IQVIA Inc.
(the Issuer ), intends to raise $1,000,000,000 through an offering of senior secured notes due 2028 and senior notes due 2030 (collectively, the Notes ).
The proceeds from the Notes offering will be used to repay existing borrowings under the Issuer s revolving credit facility and to pay fees and expenses
related to the Notes offering. The consummation of the Notes offering is subject to market and other customary conditions.
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, nor shall there
be any offer, solicitation or sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the
Securities Act ), or the securities laws of any other jurisdiction 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. The Notes are
being offered only to persons reasonably believed to be qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act and outside the United States only to non-U.S. investors pursuant to Regulation S under the
Securities Act. Any offer of the Notes will be made only by means of a private offering memorandum.
IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. IQVIA
creates intelligent connections across all aspects of healthcare through its analytics, transformative technology, big data resources and extensive domain expertise. IQVIA Connected IntelligenceTM
delivers powerful insights with speed and agility enabling customers to accelerate the clinical development and commercialization of innovative medical treatments that improve healthcare outcomes for patients. With approximately 87,000
employees, IQVIA conducts operations in more than 100 countries.
IQVIA is a global leader in protecting individual patient privacy. The company uses a
wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment
path and therapy needed for better outcomes. IQVIA s insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a
deeper understanding of diseases, human behaviors and scientific advances, in an effort to advance their path toward cures.

Frequently Asked Questions

What is the amount of the Notes offering by IQVIA?

IQVIA plans to raise $1,000,000,000 through its Notes offering.

What will proceeds from the Notes be used for?

The proceeds will repay existing borrowings and cover offering expenses.

Who can purchase the Notes being offered?

The Notes are offered to qualified institutional buyers and non-U.S. investors.

What is IQVIA's role in the healthcare industry?

IQVIA provides analytics, technology solutions, and clinical research services.

How does IQVIA protect patient privacy?

IQVIA employs privacy-enhancing technologies to safeguard individual patient privacy.

Last updated: May 18, 2023