RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Quintiles Transnational Holdings Inc. (the “Company” or “Quintiles”) (NYSE: Q) announced today that it is proposing, subject to market and other conditions, to enter into $1.75 billion of new senior secured credit facilities consisting of a $500 million revolving credit facility and $1.25 billion of term loans, and to issue $800 million aggregate principal amount of unsecured debt. The Company intends to use the net proceeds of the offering of the unsecured debt, together with the new term loans, to refinance its existing credit facilities, as well as for general corporate purposes, including corporate transactions and equity repurchases. The refinancing transactions would be entered by Quintiles Transnational Corp., the Company’s wholly-owned subsidiary.
Help employers find you! Check out all the jobs and post your resume.
