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Bristol-Myers Squibb Prices $5.7 Billion Notes Offering

BY MT Newswires | CORPORATE | 11/05/25 03:13 PM EST

03:13 PM EST, 11/05/2025 (MT Newswires) -- Bristol-Myers Squibb (BMY) said Wednesday it priced a public offering of 5 billion euros ($5.74 billion) of senior unsecured notes.

The notes will be issued by the company's subsidiary BMS Ireland Capital Funding Designated Activity Company.

The offering comprises 750 million euros of 2.973% notes due 2030, 1.15 billion euros of 3.363% notes due 2033, 1.15 billion euros of 3.857% notes due 2038, 750 million euros of 4.289% notes due 2045, and 1.20 billion euros of 4.581% notes due 2055.

The offering is expected to close Monday.

The company said proceeds, along with cash on hand, will be used to fund a recently announced tender offer, pay related costs, and for general corporate purposes.

Shares of Bristol-Myers Squibb (BMY) were up more than 2% in recent trading.

Price: 46.57, Change: +0.98, Percent Change: +2.14

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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