Viatris Inc. Enters Material Definitive Agreement

TL;DR

Viatris just signed a big deal, expect financial moves.

AI Summary

On September 27, 2024, Viatris Inc. entered into a material definitive agreement, which also created a direct financial obligation for the registrant. The filing details this agreement and related financial obligations, with the company's principal executive offices located at 1000 Mylan Boulevard, Canonsburg, Pennsylvania.

Why It Matters

This filing indicates Viatris Inc. has entered into a significant new agreement that will likely have financial implications for the company.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating new financial obligations can introduce financial risks and opportunities that may impact the company's stock.

Key Numbers

• 001-39695 — SEC File Number (Identifies Viatris Inc.'s filings with the SEC.)
• 83-4364296 — I.R.S. Employer Identification No. (Viatris Inc.'s tax identification number.)

Key Players & Entities

• Viatris Inc. (company) — Registrant
• September 27, 2024 (date) — Date of earliest event reported
• 1000 Mylan Boulevard, Canonsburg, Pennsylvania, 15317 (address) — Principal Executive Offices
• Upjohn Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share VTRS The NASDAQ Stock Mar
• $3,500,000,000 — ggregate principal amount not to exceed $3,500,000,000, in U.S. dollars or alternative currenc
• $300,000,000 — d Revolving Credit Agreement includes a $300,000,000 subfacility for the issuance of letters
• $175,000,000 — the issuance of letters of credit and a $175,000,000 sublimit for swingline borrowings. The
• $4,000,000,000 — ing obligations under Viatris' existing $4,000,000,000 revolving credit facility, dated as of
• $500,000,000 — ) third party indebtedness in excess of $500,000,000 other than (i) any wholly owned subsidi

Filing Documents

• form8-k.htm (8-K) — 36KB
• ex10-1.htm (EX-10.1) — 1062KB
• 0000950157-24-001314.txt ( ) — 1436KB
• vtrs-20240927.xsd (EX-101.SCH) — 4KB
• vtrs-20240927_lab.xml (EX-101.LAB) — 21KB
• vtrs-20240927_pre.xml (EX-101.PRE) — 16KB
• form8-k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 27, 2024, Viatris Inc. ("Viatris") entered into the Second Amended and Restated Revolving Credit Agreement (as defined and described below). Second Amended and Restated Revolving Credit Agreement On September 27, 2024, Viatris entered into an amended and restated revolving credit agreement (the "Second Amended and Restated Revolving Credit Agreement"), by and among Viatris, certain affiliates and subsidiaries of Viatris as guarantors, certain lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative agent (in such capacity, the "Administrative Agent"). The Second Amended and Restated Revolving Credit Agreement contains a revolving credit facility (the "Revolving Credit Facility") under which Viatris may obtain extensions of credit in an aggregate principal amount not to exceed $3,500,000,000, in U.S. dollars or alternative currencies including Euro, Sterling, Yen and any other currency that is approved by the Administrative Agent and each lender under the Revolving Credit Facility. The Revolving Credit Facility will be available to Viatris from and after the satisfaction of certain customary conditions (the date such conditions are satisfied or waived being referred to as the "Closing Date"). The Second Amended and Restated Revolving Credit Agreement includes a $300,000,000 subfacility for the issuance of letters of credit and a $175,000,000 sublimit for swingline borrowings. The swingline borrowings will be made available in U.S. dollars only. Viatris may seek additional commitments under the Revolving Credit Facility from lenders or other financial institutions designated by Viatris up to an aggregate amount such that Viatris would be in compliance with the financial covenant described below, after giving effect to such increase in the commitments and the application of proceeds therefrom. In determining pro forma compliance with the financial cove

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Second Amended and Restated Revolving Credit Agreement, dated as of September 27, 2024, among Viatris, certain affiliates and subsidiaries of Viatris from time to time party thereto as guarantors, each lender and issuing bank from time to time party thereto and Bank of America, N.A., as administrative agent.* 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. *Annexes, schedules and/or exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Viatris agrees to furnish supplementally a copy of any omitted attachment to the SEC on a confidential basis upon request. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VIATRIS INC. Date: September 27, 2024 By: /s/ Theodora Mistras Name: Theodora Mistras Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR