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Form 8-K · Current Report · Filed 2024-11-20

Gilead Sciences Announces Issuance of $3.5B Senior Notes

On November 20, 2024, Gilead Sciences, Inc.

Filer
Gilead Sciences Inc. GILD · NASDAQ
Filed
Accession
0001104659-24-121025
CIK
0000882095
Signal
Medium impactHealthcare

Details

announced the issuance of $3.5 billion in aggregate principal amount of senior notes due between 2029 and 2064. The proceeds will be used for general corporate purposes, including the repayment of indebtedness. The issuance is subject to certain restrictions outlined in the Tenth Supplemental Indenture to the Base Indenture, dated March 30, 2011. The notes will pay interest semi-annually at varying rates until their respective maturity dates. Gilead Sciences also entered into an underwriting agreement with Barclays Capital Inc. and BofA Securities, Inc. for the issuance and sale of these notes.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

New Major Contract Financial Instrument Agreement
Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 8.01

Other Events

Corporate Update
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$87.75

Next session

+2.3%

Since filing

+48.4%

Latest close

$130.21

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from GILD reporting the same item, with the next session's move:

Exhibits (3)

About Gilead Sciences Inc.

Gilead Sciences Inc. is a biopharmaceutical company that focuses on researching, developing, and commercializing innovative medicines in areas of unmet medical need. It is globally recognized for its distinguished work, particularly in the treatment of HIV, liver diseases such as hepatitis B and C, and various forms of cancer. The company's portfolio includes groundbreaking antiviral therapies and a robust pipeline of investigational drugs. Headquartered in Foster City, California, Gilead Sciences Inc. significantly contributes to the healthcare sector by extending the lives of patients with serious illnesses worldwide. Through strategic partnerships and continuous innovation, Gilead remains at the forefront of modern medicine, enhancing its role in the global pharmaceutical market.

Exchange NASDAQ Industry Drug Manufacturers - General Company website ↗

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