ICON Announces Private Offering of Senior Secured Notes

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Jun 14, 2021

ICON plc (NASDAQ: ICLR) (“ICON”) announced today in connection with the proposed acquisition by ICON of PRA Health Sciences, Inc. (“PRA”) pursuant to which Indigo Merger Sub, Inc., a wholly owned subsidiary of ICON (“Merger Sub”) will merge with and into PRA (the “Merger”), with PRA surviving the Merger, that Merger Sub intends to offer $500 million aggregate principal amount of Senior Secured Notes due 2026 and $1,515 million aggregate principal amount of Senior Secured Notes due 2028 (collectively, the “Notes”) in a private offering (the “Offering”), subject to market and other conditions.