ICON prices USD 2.15 billion senior unsecured notes offering - ICLR News | RalliesICON prices USD 2.15 billion senior unsecured notes offering
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ICLR• ICON prices USD 2.15 billion senior unsecured notes offering
- ICON priced USD 2.15 billion of senior unsecured notes in three tranches due 2029, 2031 and 2036.
- Tranches include USD 500 million 5.064% notes due 2029; USD 1 billion 5.421% notes due 2031; and USD 650 million 5.995% notes due 2036.
- Closing is expected Aug. 13, subject to customary conditions.
- Proceeds are earmarked to repay bridge facility borrowings, repay existing senior secured term loans and redeem 5.809% senior secured notes due 2027.
- The repayments would trigger release of collateral securing the revolving credit facility, existing notes and related subsidiary guarantees.
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Burford Capital Q2 FY26 revenue drops 42% to USD 110.68 million; net income falls 91% to USD 9.48 million
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