S&C Advises Merck KGaA, Darmstadt, Germany, on $4 Billion Notes Offering

The $4 billion notes offering, which included four fixed-rate tranches with maturities ranging from three to ten years, was completed by Merck KGaA, Darmstadt, Germany (the “Company”).

EMD Finance LLC, the company’s finance subsidiary, issued the notes, which the company absolutely and permanently guarantees. A syndicate of fourteen banks underwrote the sale to institutional investors.