DURHAM – Iqvia is looking to raise $1 billion, the life science giant announced Thursday. But the company apparently doesn’t have big plans for cash such as a merger or acquisition.

“The proceeds from the Notes offering will be used to repay existing borrowings under the Issuer’s revolving credit facility and to pay fees and expenses related to the Notes offering. The consummation of the Notes offering is subject to market and other customary conditions,” Iqvia said.

Read the full announcement at: https://www.businesswire.com/news/home/20230517005776/en/IQVIA-Announces-Offering-of-Senior-Secured-Notes-and-Senior-Notes