Shire subsidiary Shire Acquisitions Investments Ireland Designated Activity Company (SAIIDAC) has priced its inaugural public offering of $12.1bn aggregate principal amount of senior notes. The offering consists of four series of senior notes: $3.3 billion 1.900% Senior Notes due 2019; $3.3 billion 2.400% Senior Notes due 2021; $2.5 billion 2.875% Senior Notes due 2023; and $3.0 billion 3.200% Senior Notes due 2026. "The notes are expected to be issued on September 23, 2016, subject to customary closing conditions," the company said in a statement. "Shire intends to use the net proceeds to fully repay amounts outstanding under its January 2016 bridge facilities agreement, which were used to finance its acquisition of Baxalta Incorporated (Baxalta), and for general corporate purposes."
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