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  • ICON Updates FY24 Guidance To Incorporate Its Recent Debt Refinancing Expected To Result In A Net Interest Expense Of $200M-$210M For FY24, From The Previous Range Of $200M-$230M

ICON Updates FY24 Guidance To Incorporate Its Recent Debt Refinancing Expected To Result In A Net Interest Expense Of $200M-$210M For FY24, From The Previous Range Of $200M-$230M

Benzinga ·  May 30 20:29

Financial Outlook

ICON is updating its full-year 2024 guidance to incorporate its recent debt refinancing, including the impact of the successful $2 billion investment grade bond offering closed in early May, as well as the repricing in March of the existing Term Loan B facility. This is expected to result in a net interest expense of $200 - $210 million for the full year 2024, a reduction from the previous range of $200 - $230 million for the full year.

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