12:00 PM EDT, 09/18/2024 (MT Newswires) -- Viatris ( VTRS ) disclosed Wednesday the pricing terms of the cash tender offer of its Utah Acquisition Sub unit for up to about $575 million of its outstanding 3.95% senior notes due 2026.

The total consideration is $995.64 per $1,000 principal amount of notes tendered, the company said.

Viatris ( VTRS ) said that as of the early tender date of 5 pm ET on Tuesday, about $1.45 billion of notes had been validly tendered, exceeding the maximum tender cap.

Thus, Utah Acquisition Sub will accept for purchase notes on a pro rata basis, according to Viatris ( VTRS ).

The company said the offer will expire at 5 pm ET on Oct. 2, unless extended or earlier terminated.

Price: 11.85, Change: +0.03, Percent Change: +0.25