- Biogen (BIIB +2.4%) priced its earlier announced cash offer to purchase its outstanding 5.200% senior notes due 2045 totaling $1.75B in principal amount.
- The tender consideration for each $1K in principal amount of notes equates to the yield to the par call date of the notes equal to 115 basis points over the bid-side yield.
- Settlement date is expected to be Feb.16.
- Last interest payment date for the notes is expected to be Sep. 15, 2020.