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Alcon Inc. -- Moody's assigns Baa2 ratings to Alcon Inc.'s unsecured debt facilities

Moody's Investors Service ("Moody's") has assigned a Baa2 rating to Alcon Inc.'s ("Alcon" or "the company") facilities. The loans are senior unsecured obligations of Alcon Inc..The proceeds from the above facilities were used alongside a $500 million 3-year senior unsecured term loan A, a $1.5 billion bridge-to-bond senior unsecured term loan and around $300 million equivalent local drawn lines to fund a $3,000 million payment to Novartis AG (A1 stable) and have a cash balance of approximately $500 million at closing of the spin-off from Novartis AG in April 2019.