06:32 AM EDT, 09/11/2024 (MT Newswires) -- Viatris ( VTRS ) said late Tuesday that approximately $432 million amount of its outstanding 1.65% senior notes due 2025, or the Viatris ( VTRS ) notes, and about 208.1 million euros ($229.9 million) amount of 2.125% senior notes due 2025, or the Mylan notes, were validly tendered in its cash tender offers prior to the expiration on Sept. 10.

The amount does not include the $164,000 amount of the Viatris ( VTRS ) notes that were tendered pursuant to a guaranteed delivery scheme, the company said.

The company expects to pay a total consideration of $977.66 per $1,000 principal amount of the Viatris ( VTRS ) notes, and 994.12 euros per 1,000 euros principal amount of the Mylan notes, plus the applicable interest.

Viatris ( VTRS ) plans to fund the purchase using its available cash, with payment expected to be on Sept. 16.