TEVA Prices $4.9 Billion of Senior Notes to Refinance Costlier Debt

Teva priced five tranches of euro- and dollar-denominated senior notes at coupons of 4.25% to 5.75% and will use the proceeds to redeem bonds carrying up to 8.125%.

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Teva funds a large part of its business with generic medicines alongside its branded pipeline.
Source: Wikimedia