Organon & Co

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD2,100.0007Apr-28Sr. SecuredBa2BB-FixedTsyLow 4s4.125-4.25%2824.13%-100.00000
EUR1,250.0007Apr-28Sr. SecuredBa2BB-FixedDBRLow 3s3% a3442.88%-100.00000
USD2,000.00010Apr-31Sr. UnsecuredB1BB--FixedTsyMid to High 5s5.125-5.25%3485.13%-100.00000
Tranche Comments
7 yr: Redemption: 2024-04-30; Registration: 144A/Reg S; Comments: US$2.1bn(upsized from US$2bn) 4.125% cpn 7-year (4/30/28) at 100, 4.125%. Spread: T+282bp. Equity Clawback: Up to 40% at 104.125 until Apr 30, 2024 Call Schedule: Make Whole Call: T+ 50bp until April 30, 2024 . Standard Call: Non-callable Until April 30, 2024 then Callable on April 30, 2024 102.063. April 30, 2005 101.031, April 30, 2026 and thereafter 100.00; 7 yr: Redemption: 2024-04-30; Registration: 144A/Reg S; Comments: EUR1.25bn(upsized from US$1bn equiv) 2.875% cpn 7-year (4/30/28) at 100, yld 2.875%. Spread: DBR+344bp. Equity Clawback: Up to 40% at 102.875 until Apr 30, 2024. Call Schedule: Make Whole Call: T+50bp until April 30, 2024 Standard Call: Non-callable Until April 30, 2024 then Callable on April 30, 2024 101.438, April 30, 2025 100.719, April 30, 2026 and thereafter 100.00; 10 yr: Redemption: 2026-04-30; Registration: 144A/Reg S; Comments: US$2bn(upsized from US$1.5bn) 5.125% cpn 10-year (4/30/31) at 100, yld 5.125%. Spread: T+348bp. Equity Clawback: Up to 40% at 105.125 until April 30, 2024 . Call Schedule: Make Whole Call: T+50bp until April 30, 2026. Standard Call: Non-callable Until April 30, 2026 then Callable on April 30, 2026 102.563, April 30, 2027 101.708, April 30, 2028 100.854, April 30, 2029 and thereafter 100.00;
Use of Proceeds
To pay a dividend to Merck & Co Inc and to pay fees and expenses

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