Michael Benjamin, Benjamin Stern, James Sullivan, Richard Dacher, Monica Calce, Michele Penzer, Nicole Fanjul, Carlos Ibarguengoitia, Michaela Bolden, Jiyeon Lee-Lim, Shangpu (Nicholas) Sun, Ben Haas, Meryl Bartlett, Chris Hazuka, Robert Yeh, Billy Wu
January 24, 2026
Latham & Watkins Advises on Organon’s US$1 Billion Senior Notes Offering
1 min
AI-made summary
- Organon and its wholly owned subsidiary, Organon Foreign Debt Co-Issuer B.V., have completed an offering of US$500 million in 6.750% senior secured notes and US$500 million in 7.875% senior unsecured notes, both due in 2034
- Latham & Watkins LLP represented the initial purchasers, providing legal counsel on capital markets, collateral, tax, FDA regulatory, and intellectual property matters through a team of partners and associates.
Organon (NYSE: OGN) (Organon), a global healthcare company with a focus on women’s health, has announced that it, together with Organon Foreign Debt Co-Issuer B.V., a direct wholly owned subsidiary of Organon, as co-issuer (the Co-Issuer and, together with Organon, the Issuers), have closed an offering of the Issuers’ US$500 million of 6.750% senior secured notes due 2034 and US$500 million of 7.875% senior unsecured notes due 2034. Latham & Watkins LLP represented the initial purchasers in the offering, with a capital markets team led by New York partners Michael Benjamin and Benjamin Stern, with associates James Sullivan, Richard Dacher, and Monica Calce. Advice was also provided on collateral matters by New York partners Michele Penzer and Nicole Fanjul, with associates Carlos Ibarguengoitia and Michaela Bolden; on tax matters by New York partner Jiyeon Lee-Lim, with associate Shangpu (Nicholas) Sun; on FDA regulatory matters by Washington, D.C. partner Ben Haas, with associate Meryl Bartlett; and on intellectual property matters by San Diego/Bay Area partner Chris Hazuka, with associates Robert Yeh and Billy Wu.~~
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Michael Benjamin, Benjamin Stern, James Sullivan, Richard Dacher, Monica Calce, Michele Penzer, Nicole Fanjul, Carlos Ibarguengoitia, Michaela Bolden, Jiyeon Lee-Lim, Shangpu (Nicholas) Sun, Ben Haas, Meryl Bartlett, Chris Hazuka, Robert Yeh, Billy Wu
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