IMS Health announces senior note pricing

IMS Health Holdings Inc., a Danbury-based health care information and technology company, on Thursday announced it intends to issue about $300 million worth of senior notes bearing a 4.125 percent interest rate to finance a proposed acquisition of certain businesses of a European health care services and technology company.

The funds would be used to acquire customer-relationship management and strategic data businesses of Cegedim SA, headquartered near Paris, and for other related expenses, the company said.

Interest will be paid semi-annually in arrears in October and April beginning this fall. The notes will mature on April 1, 2023. The gross proceeds of senior notes will be issued by the company’s wholly owned subsidiary, IMS Health Inc.

IMS Health Holdings Inc. was founded in 1954 and provides technology, services and other information to the health care industry. A 9,300-employee business, the company has its headquarters on Wooster Heights Road in Danbury.