Mylan $4 billion credit facilities

Overview:

• Pharmaceutical company Mylan has obtained two credit facilities for $4 billion.
• One is a $2 billion unsecured revolving credit facility and the other a $2 billion senior unsecured term credit facility.
• Bank of America was the administrative agent for the revolving facility and Goldman Sachs Bank USA was the administrative agent for the term facility.
• The proceeds will be used for general corporate purposes and to pay existing debt.

Kurt Stumpo - Journalist