Cahill Represents ICON in $2 Billion Notes Offering
Date: 05/08/24
Cahill represented ICON Investments Six Designated Activity Company and its parent, ICON plc (together, ICON), in connection with a $2 billion public offering of aggregate principal amount of senior secured notes, comprised of $750 million aggregate principal amount of 5.809% senior secured notes due 2027, $750 million aggregate principal amount of 5.849% senior secured notes due 2029, and $500 million aggregate principal amount of 6.000% senior secured notes due 2034.
Proceeds from the offering were used to repay a portion of ICON’s term loans outstanding under its existing credit facility.
ICON is one of the world’s leading global contract research organizations by revenue, providing outsourced clinical development and data solution services to the biotechnology and pharmaceutical industries.