Merck & Co., Inc. (Merck) and its wholly-owned finance subsidiary MSD Netherlands Capital B.V. (MSD Netherlands) have announced the offering of three series of unsecured senior notes. The notes, guaranteed by Merck, are to be issued by MSD Netherlands and will be available in denominations of €100,000 and multiples of €1,000 thereafter. The offering includes % Notes due 20, % Notes due 20, and % Notes due 20, with interest payable annually beginning in 2025. The notes are not convertible or exchangeable and investing in them involves risks, including changes in currency exchange rates and the imposition of exchange controls. The proceeds from the sale of the notes are intended for general corporate purposes, which may include the repayment of existing indebtedness. The notes will be issued under...Show More

Merck & Co., Inc. (Merck) and its wholly-owned finance subsidiary MSD Netherlands Capital B.V. (MSD Netherlands) have announced the offering of three series of unsecured senior notes. The notes, guaranteed by Merck, are to be issued by MSD Netherlands and will be available in denominations of €100,000 and multiples of €1,000 thereafter. The offering includes % Notes due 20, % Notes due 20, and % Notes due 20, with interest payable annually beginning in 2025. The notes are not convertible or exchangeable and investing in them involves risks, including changes in currency exchange rates and the imposition of exchange controls. The proceeds from the sale of the notes are intended for general corporate purposes, which may include the repayment of existing indebtedness. The notes will be issued under an indenture with U.S. Bank Trust National Association as trustee. The joint book-running managers for the offering are Citigroup, BNP PARIBAS, and Deutsche Bank. The offering is subject to customary closing conditions and the notes are expected to be listed on the New York Stock Exchange, subject to approval. The sale of the notes is directed at professional investors and certain eligible counterparties, with no intended offer to retail investors in the EEA or the UK. The issuance date for the notes is set for May 15, 2024, with a settlement date following the announcement.