Actavis $21 billion notes issue

Overview:

• Actavis has issued $21 billion in notes.
• This was the second largest such offering in history.
• The money raised was used to acquire fellow pharmaceutical company Allergan.
• Cleary Gottlieb Steen & Hamilton (Jeffrey Karpf) and Loyens & Loeff advised Actavis.
• Cravath Swaine & Moore (Stephen Burns, Andrew Pitts) represented the underwriters, which included JPMorgan, Mizuho Bank, and Wells Fargo.
• A&L Goodbody and Elvinger Hoss & Prussen also advised the underwriters.

Kurt Stumpo - Journalist - North America and the Caribbean