Viatris (VTRS) said Wednesday that its subsidiary Utah Acquisition Sub increased its cash tender offer's maximum aggregate principal amount for the 3.950% Senior Notes due 2026 to $575 million from $450 million.
Viatris said the Utah Acquisition Sub would accept notes on a pro-rata basis as the amount of tendered notes exceeded the revised cap as of the early tender date of Sept. 17.
Eligible holders will receive the total consideration, including a $30 per $1,000 early tender payment, with payments including accrued interest up to the anticipated settlement date of Sept. 20.
The offer will officially expire on Oct. 2.
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