SOLV sells $6.9B of debt in six tranches: • $1B of 3yr notes @5.45% • $1.5B of 5yr notes @5.40% • $1B of 7yr notes @5.45% • $1.65B of 10yr notes @5.60% • $1.25B of 30yr notes @5.90% • $0.5B of 40yr notes @6.00% The total debt issuance was supposed to $8.4B (according to 3M's recent webcast), but I don't know where the other $1.5B is coming from. All but $600M of the proceeds will be paid to 3M as consideration for the spin-off of 3M’s healthcare business to SOLV. p.s. It’s eerie how flat the yield curve is all the way out to 40 years.