Wed Sep 18 00:56:52 UTC 2024: ## Viatris Increases Tender Offer for Senior Notes, Early Subscription Leads to Proration
**PITTSBURGH, Sept. 17, 2024** – Viatris Inc. (NASDAQ: VTRS) announced today that its subsidiary Utah Acquisition Sub Inc. (UAS) has increased the maximum aggregate principal amount of its cash tender offer for outstanding 3.950% Senior Notes due 2026 (the Maximum Tender Offer Notes) from $450 million to $575.03 million.
The early tender results, reported by Global Bondholder Services Corporation, show that the amount of notes tendered exceeded the initial cap. As a result, UAS will accept notes on a pro rata basis, meaning not all noteholders will have their full principal amount accepted.
Holders who tendered before the Early Tender Date (September 17, 2024) and are accepted will receive an Early Tender Payment of $30 per $1,000 of principal amount, along with accrued interest. Payments are expected to be made on September 20, 2024.
The Maximum Tender Offer remains open until October 2, 2024, but due to the high subscription rate, any notes tendered after the Early Tender Date will not be accepted unless UAS decides to increase or remove the cap.
Viatris also confirmed the successful redemption of its 1.650% Senior Notes due 2025 and the planned redemption of Mylan Inc.’s 2.125% Senior Notes due 2025, effective October 16, 2024.
**Viatris Inc.** is a global healthcare company focused on providing access to essential medicines and healthcare solutions worldwide.
**Note:** This news article summarizes the key information from the press release and presents it in a concise and accessible format for general audiences. It does not include all the details and caveats found in the original press release.
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