Company: ABBV
Filing Date: 2025-02-18
Form Type: 424B5
Source: 0001104659-25-014554
Chunk: 11

Company: AbbVie Inc.
Filing Date: 2025-02-18
Form: 424B5
Chunk 11
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 being made, exceeds 2% of the consolidated net assets of the Issuer, other than any such building, structure or other facility or a portion thereof (i) which is an air or water pollution control facility financed by state or local governmental obligations or (ii) which the chairman of the board, chief executive officer, an executive vice president, a senior vice president or a vice president and the chief financial officer, treasurer, or assistant treasurer of the Issuer determine in good faith, at any time on or prior to such date, is not of material importance to the total business conducted, or assets owned, by the Issuer and its subsidiaries as an entirety. Although it has not yet done so, under the terms of the indenture governing the Notes, the chairman of the board of the Issuer or any of the Issuer’s executive officers listed above may determine from time to time that a property owned by the Issuer or a subsidiary thereof is not a principal domestic property and therefore such property is not subject to the covenants in the indenture governing the Notes.

The Notes will not be guaranteed by any of the Issuer’s subsidiaries and are structurally subordinated to any existing or future preferred stock, indebtedness, guarantees and other liabilities of the Issuer’s subsidiaries.

The Notes will be obligations exclusively of the Issuer and will not be guaranteed by any of the Issuer’s subsidiaries. As a result, the Notes will be structurally subordinated to existing or future preferred stock, indebtedness, guarantees and other liabilities, including trade payables, of the Issuer’s subsidiaries. The indenture governing the Notes does not restrict the Issuer or its subsidiaries from incurring substantial additional indebtedness in the future.

As of December 31, 2024, on a pro forma basis, giving effect to the issuance and sale of the Notes and the application of the estimated net proceeds therefrom (together with cash on hand), including the repurchase, redemption or repayment of the Issuer’s 3.600% senior notes due 2025, the Issuer’s 3.800% senior notes due 2025 and/or the 3.800% senior notes due 2025 of Allergan Funding SCS, as described in this prospectus supplement, and as if such transactions had occurred on December 31, 2024, the Issuer would have had approximately $ billion of outstanding indebtedness. In addition, the Issuer has unused borrowing capacity of up to $8.0 billion under the