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Gilead Sciences Raises $1B In Note Sale
Gilead Sciences has raised $1 billion in a sale of senior unsecured floating-rate notes.
Gilead Sciences has raised $1 billion in a sale of senior unsecured floating-rate notes, The Wall Street Journal reports. The company intends to use the net proceeds to pay down existing debt and buy back stock.
The biopharmaceutical company appointed Bank of America Merrill Lynch, JP Morgan, and Morgan Stanley as the joint bookrunning managers for the sale. The notes carry a coupon rate of 4.50% and are due to mature on April 1, 2021.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.