What you should know:
1. AbbVie split the bond offering across 10 offerings, with maturity rates between 18 months and 30 years.
2. It was the largest bond offering since CVS raised $40 billion to take over Aetna.
3. High demand for the bonds among traders will reduce how much AbbVie has to borrow to fund the rest of its acquisition.
4. AbbVie now has a total debt around $90 billion, making it one of the most indebted companies in the world.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.