Sandoz issues CHF 550 million in bonds and extends its USD 2 billion revolving credit facility by one year 11.03.2026, 07:00 Uhr von EQS News Jetzt kommentieren: 0

MEDIA RELEASE

NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

• Dual-tranche CHF bond issuance with total principal amount of CHF 550 million
   
• Proceeds from bond issuance will be used for general corporate purposes including refinancing of maturing debt
   
• USD 2.0 billion multi-currency revolving credit facility (RCF) maturity extended by one year until March 2031

Basel, March 11, 2026 – Sandoz (SIX:SDZ/OTCQX:SDZNY), the global leader in affordable medicines, today announced the issuance of a 1.1875% coupon CHF 275 million bond with a six-year maturity and a 1.55% coupon CHF 275 million bond with a 10-year maturity, for general corporate purposes including the refinancing of maturing debt.

Additionally, Sandoz successfully extended the maturity of the USD 2.0 billion multi-currency revolving credit facility (RCF) by one year to March 31, 2031. The facility remains unutilized and includes an option to extend the maturity by an additional year.

Sandoz CFO Remco Steenbergen said: “The successful bond issuance and the extended RCF maturity will further strengthen our balance sheet, giving us significant financial leeway going forward. Over the past years we have built a balanced maturity profile and substantially reduced our financing costs.”

With these latest transactions, the Sandoz annual interest rate on gross debt is expected to remain below 4% and the debt-maturity profile is extended to 2036, whereas the Company is on track to prolonging its average debt-maturity towards six to seven years.

The transaction was supported by a bank syndicate consisting of Deutsche Bank, BNP Paribas and UBS. Advestra acted as Sandoz legal advisor.

Sandoz aims to maintain an investment grade credit rating and is rated Baa2 (stable outlook) by Moody’s and BBB (stable outlook) by S&P.


DISCLAIMER
This Media Release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management’s views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside of the control of Sandoz.

Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of this Media Release, and Sandoz undertakes no obligation to publicly revise any forward-looking statements, except as required by law. Accordingly, undue reliance should not be placed on the forward-looking statements. 

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This Media Release and the information contained herein does not constitute or form part of an offer, invitation or recommendation to purchase, sell or subscribe for any securities of Sandoz Group AG or the solicitation of any offer, invitation or recommendation to purchase, sell or subscribe for any  securities of Sandoz Group AG, to any person in Australia, Canada, Japan or the United States, or in any jurisdiction to whom or in which offer or solicitation is unlawful.

THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION. THE BONDS HAVE NOT BEEN AND WILL NOT BE REGISTERED IN THE UNITED STATES AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO ANY U.S. PERSON, AND THIS MEDIA RELEASE MAY NOT BE DISTRIBUTED IN THE UNITED STATES.

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ABOUT SANDOZ
Sandoz (SIX: SDZ; OTCQX: SDZNY) is the global leader in affordable medicines, with a growth strategy driven by its Purpose: pioneering access for patients. More than 20,000 colleagues of 100 nationalities work together to ensure over one billion patients are reached by Sandoz, generating substantial global healthcare savings and an even larger social impact. Its leading portfolio of approximately 1,300 medicines addresses diseases from the common cold to cancer. Headquartered in Basel, Switzerland, Sandoz traces its heritage back to 1886. In 2026, Sandoz celebrates 20 years of pioneering biosimilars, 80 years of antibiotics manufacturing and 140 years of heritage. In 2025, Sandoz recorded net sales of USD 11.1 billion.

 

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