8-KThe WireRoutine
Company Update
Filed Feb 26, 2025 · 1y ago · Accession 0001104659-25-017490
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of the
Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported): February 26, 2025
ABBVIE
INC.
(Exact name of registrant as specified in its charter)
Delaware
001-35565
32-0375147
(State of Incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
1
North Waukegan Road
North
Chicago , Illinois 60064-6400
(Address
of principal executive offices, including zip code)
( 847 )
932-7900
( Registrant’s telephone
number, including area code )
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.01 Par Value
ABBV
New
York Stock Exchange
Chicago
Stock Exchange
0.750%
Senior Notes due 2027
ABBV27
New
York Stock Exchange
2.125%
Senior Notes Due 2028
ABBV28
New
York Stock Exchange
2.625%
Senior Notes Due 2028
ABBV28B
New
York Stock Exchange
2.125%
Senior Notes due 2029
ABBV29
New
York Stock Exchange
1.250%
Senior Notes due 2031
ABBV31
New
York Stock Exchange
Common Stock, $0.01 Par Value
ABBV
Item 8.01. Other Events.
On February 26, 2025, AbbVie Inc. (“ AbbVie ”)
completed its previously announced underwritten public offering (the “ Notes Offering ”) of $1,250,000,000 billion in
aggregate principal amount of its 4.650% senior notes due 2028 (the “ 2028 Notes ”), $1,000,000,000 in aggregate principal
amount of its 4.875% senior notes due 2030 (the “ 2030 Notes ”), $1,000,000,000 in aggregate principal amount of its
5.200% senior notes due 2035 (the “ 2035 Notes ”) and $750,000,000 in aggregate principal amount of its 5.600% senior
notes due 2055 (the “ 2055 Notes ” and, together with the 2028 Notes, the 2030 Notes and the 2035 Notes, the “ Notes ”).
The offering of each series of Notes was registered
under the Securities Act of 1933, as amended (the “ Act ”), pursuant to AbbVie’s registration statement on Form S-3ASR
(File No. 333-284980) (the “ Registration Statement ”) dated as of February 14, 2025. The terms of the Notes
are further described in AbbVie’s prospectus supplement dated February 18, 2025, as filed with the Securities and Exchange
Commission pursuant to Rule 424(b)(5) of the Act on February 20, 2025.
The Notes are governed by the Indenture, dated
November 8, 2012 (the “ Base Indenture ”), between AbbVie and U.S. Bank Trust Company, National Association, as
successor-in-interest to U.S. Bank National Association, as trustee (the “ Trustee ”), as supplemented by that certain
Supplemental Indenture No. 11, dated as of February 26, 2025, with respect to the Notes (the “ Supplemental Indenture ”
and, together with the Base Indenture as so supplemented, the “ Indenture ”).
Each series of Notes will mature on March 15
of the applicable year. The Notes are unsecured, unsubordinated obligations of AbbVie and will rank equally in right of payment with all
of AbbVie’s existing and future unsecured, unsubordinated indebtedness, liabilities and other obligations.
AbbVie may optionally redeem (i) the 2028
Notes in whole or in part at any time prior to February 15, 2028 (the “ 2028 Par Call Date ”); (ii) the
2030 Notes in whole or in part at any time prior to February 15, 2030 (the “ 2030 Par Call Date ”); (iii) the
2035 Notes in whole or in part at any time prior to December 15, 2034 (the “ 2035 Par Call Date ”); and (iv) the
2055 Notes in whole or in part at any time prior to September 15, 2054 (the “ 2055 Par Call Date ” and, together
with the 2028 Par Call Date, the 2030 Par Call Date and the 2035 Par Call Date, collectively, the “ Par Call Dates ”),
each at a redemption price calculated in a manner set forth in the Indenture. On or after the applicable Par Call Date in respect of a
series of Notes, AbbVie may redeem the Notes of such series, in whole or in part, at any time and from time to time, at a redemption price
equal to 100% of the principal amount of the Notes of such series being redeemed plus accrued and unpaid interest thereon to but not including
the redemption date.
The Indenture contains customary terms and covenants,
including limitations on AbbVie’s ability and the ability of certain of its subsidiaries to incur liens securing funded indebtedness
and on AbbVie’s ability to consolidate or merge with or into, or convey, transfer or lease its properties and assets substantially
as an entirety to any person.
The foregoing summary of the Indenture does not
purport to be complete and is qualified in its entirety by reference to the full text of the Base Indenture and the Supplemental Indenture,
which are attached as Exhibits 4.1 and 4.2, respectively, hereto and are incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits . The following exhibits are provided as part
of this Form 8-K:
4.1
Indenture, dated November 8, 2012, between AbbVie Inc. and U.S. Bank Trust Company, National Association, as trustee (incorporated by reference to Exhibit 4.1 of Amendment No. 5 to AbbVie’s Registration Statement on Form 10 filed November 16, 2012).
4.2
Supplemental Indenture No. 11, dated February 26, 2025, between AbbVie Inc. and U.S. Bank Trust Company, National Association, as trustee.
4.3
Form of 4.650% Note due 2028 (included in Exhibit 4.2 hereto).
4.4
Form of 4.875% Note due 2030 (included in Exhibit 4.2 hereto).
4.5
Form of 5.200% Note due 2035 (included in Exhibit 4.2 hereto).
4.6
Form of 5.600% Note due 2055 (included in Exhibit 4.2 hereto).
5.1
Opinion of Wachtell, Lipton, Rosen & Katz, dated February 26, 2025, with respect to the Notes.
23.1
Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 5.1 of this Current Report on Form 8-K)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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.
ABBVIE INC.
Date: February 26, 2025
By:
/s/ Scott
T. Reents
Scott T. Reents
Executive Vice President, Chief Financial
Officer
Filing details
- Company
- AbbVie Inc.
- Ticker
- ABBV
- CIK
- 1551152
- Form type
- 8-K
- Filing date
- Feb 26, 2025
- Report date
- Feb 26, 2025
- Document
- tm255723d7_8k.htm
- Size
- 674 KB