Teva to Offer Sustainability-Linked Senior Notes - Diversified Communications

Commercial, Finance  -  March 1, 2023

Teva to Offer Sustainability-Linked Senior Notes

Teva Pharmaceutical Industries Ltd. announced its intention to issue $2,060,000,000 (equivalent) of sustainability-linked senior notes. The notes offering reflects Teva’s continued strong commitment to sustainable finance.

The sustainability-linked senior notes are to be issued under Teva’s sustainability-linked financing framework established in October 2021 and updated in July 2022, which sets forth strategies and targets in accordance with the Sustainability-Linked Bonds Principles (the “SLBP”) administered by the International Capital Markets Association (“ICMA”).

This sustainability-linked financing framework was validated by two Second Party Opinions (SPO), which were provided by ISS ESG and the Access to Medicines Foundation.

Teva Pharmaceutical Finance Netherlands II B.V. (“Teva Finance II”) intends to offer EUR-denominated Sustainability-Linked Senior Notes (the “Euro Notes”) and Teva Pharmaceutical Finance Netherlands III B.V. (“Teva Finance III” and, together with Teva Finance II, the “Issuers”) intends to offer USD-denominated Sustainability-Linked Senior Notes (the “USD Notes” and, together with the Euro Notes, the “Notes”).


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