Company: ABBV
Filing Date: 2025-02-20
Form Type: 424B5
Source: 0001104659-25-015715
Chunk: 14

Company: AbbVie Inc.
Filing Date: 2025-02-20
Form: 424B5
Chunk 14
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 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 $64.0 billion of outstanding indebtedness. In addition, the Issuer has unused borrowing capacity of up to $8.0 billion under the Revolving Credit Facilities. The Issuer’s subsidiaries are separate and distinct legal entities from the Issuer and such subsidiaries have no obligation to pay any amounts due on the Notes or to provide the Issuer with funds to meet the payment obligations on the Notes. Any payment of dividends, loans or advances by the Issuer’s subsidiaries could be subject to statutory or contractual restrictions and will be contingent upon the subsidiaries’ earnings and business considerations. The Issuer’s right to receive any assets of any of its subsidiaries upon their bankruptcy, liquidation, or similar

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reorganization, and the rights of the holders of the Notes, will be structurally subordinated to all existing and future indebtedness and other liabilities of such subsidiaries.

The Notes are subject to prior claims of secured creditors.

The Notes will be unsecured, unsubordinated obligations of the Issuer, and will rank equally in right of payment with all of the Issuer’s existing and future unsecured, unsubordinated indebtedness, liabilities and other obligations and will be effectively subordinated in right of payment to all of the Issuer’s existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness. As of December 31, 2024, the Issuer did not have any significant secured debt outstanding. However, each of the indenture governing the Notes and the agreements governing the Issuer’s credit facilities permits the Issuer and its subsidiaries to incur secured debt under certain circumstances, and the amounts could be substantial. If the Issuer incurs any debt secured by its assets or the assets