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News & Insights

Viatris Inc.’s $7.45 Billion Debt Exchange Offer

October 28, 2021

Cravath represented Viatris Inc. in connection with its debt exchange offer totaling up to $7.45 billion. Viatris Inc. is a global healthcare company delivering increased access to affordable, quality medicines for patients worldwide. The transaction expired on October 28, 2021.

The Cravath team included partner Matthew G. Jones and associate Caroline B. Bowman on capital markets matters, and senior attorney Kiran Sheffrin and associates Alissa B. Fromkin and Sonia Katharani‑Khan on tax matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • Healthcare and Life Sciences

People

Photo
Name
Matthew G. Jones
Title
Corporate
Title
Partner
Email
mjones@cravath.com
Phone
+1-212-474-1298
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    Education

    • J.D., 2013, Columbia Law School
      Harlan Fiske Stone Scholar; James Kent Scholar
    • B.A., 2010, Cornell University

    Admitted In

    • New York
    Photo
    Name
    Kiran Sheffrin
    Title
    Tax
    Title
    Of Counsel
    Email
    ksheffrin@cravath.com
    Phone
    +1-212-474-1842
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      Education

      • J.D., 2013, Brooklyn Law School
        magna cum laude
      • B.A., 2010, Wesleyan University

      Admitted In

      • New York

      Related News & Insights

      Deals & Cases

      February 28, 2024

      Viatris’s Global Research and Development Collaboration with Idorsia

      On February 28, 2024, Viatris Inc. (“Viatris”), a global healthcare company, and Idorsia Ltd (“Idorsia”) announced they have entered into agreements for a significant global research and development collaboration under which Viatris will receive exclusive global development and commercialization rights to two Phase 3 assets as well as the potential to add additional innovative assets in the future.

      Deals & Cases

      October 02, 2023

      Viatris’s $6.94 Billion in Announced Divestitures

      On October 1, 2023, Viatris Inc. (“Viatris”), a global healthcare company, announced it has received an offer for the divestiture of substantially all of its Over-the-Counter (“OTC”) business, and has entered into definitive agreements to divest its Women’s Healthcare business, its Active Pharmaceutical Ingredient (“API”) business in India and commercialization rights in certain non-core markets that were acquired as part of the combination with Upjohn. The total transactions value, including Viatris’s 2022 divestiture of its biosimilars business, represents up to $6.94 billion of total gross proceeds. The estimated transaction value for the divestitures announced today is $3.6 billion, including gross consideration of up to approximately $2.17 billion for the divestiture of substantially all of its OTC business, and up to approximately $1.2 billion combined for the divestitures of its API and Women’s Healthcare businesses. Cravath is representing Viatris in connection with the transactions.

      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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