ABBV AbbVie Inc.

"Additionally, the company refinanced its $2.0 billion floating rate three-year term loan."

distress relevance: 0.54 market specificity: 0.47 score: 0.341 mda

anchor: we may be unable to refinance our existing debt

"If AbbVie raises additional funds by issuing debt or entering into credit facilities, it may be subject to limitations on its operations due to restrictive covenants."

distress relevance: 0.56 market specificity: 0.43 score: 0.335 risk_factors

anchor: our debt covenants restrict our ability to operate

"In addition, AbbVie's cash flow from operations may not be sufficient to repay all of the outstanding debt as it becomes due, and AbbVie may not be able to borrow money, sell assets, or otherwise raise funds on acceptable terms, or at all, to refinance its debt."

distress relevance: 0.57 market specificity: 0.41 score: 0.335 risk_factors

anchor: we may be unable to refinance our existing debt

"As part of the refinancing, the company repaid the existing $2.0 billion term loan due May 2025 and borrowed $2.0 billion under a new term loan due April 2027."

distress relevance: 0.59 market specificity: 0.37 score: 0.328 mda

anchor: we may be unable to refinance our existing debt

"These projects are part of AbbVie's plan to increase capital investment in the U.S."

distress relevance: 0.55 market specificity: 0.37 score: 0.308 mda

anchor: we may need to raise additional capital to fund operations

"In addition, AbbVie's cash flow from operations may not be sufficient to repay all of the outstanding debt as it becomes due, and AbbVie may not be able to borrow money, sell assets, or otherwise raise funds on acceptable terms, or at all, to refinance its debt."

distress relevance: 0.57 market specificity: 0.46 score: 0.353 risk_factors

anchor: we may be unable to refinance our existing debt

"If AbbVie raises additional funds by issuing debt or entering into credit facilities, it may be subject to limitations on its operations due to restrictive covenants."

distress relevance: 0.56 market specificity: 0.43 score: 0.335 risk_factors

anchor: our debt covenants restrict our ability to operate

"AbbVie has debt obligations that could adversely affect its business and its ability to meet its obligations."

distress relevance: 0.51 market specificity: 0.42 score: 0.303 risk_factors

anchor: our debt covenants restrict our ability to operate

"The company intends to fund short-term and long-term financial obligations as they mature through cash on hand, future cash flows from operations or has the ability to issue additional debt."

distress relevance: 0.60 market specificity: 0.27 score: 0.293 mda

anchor: maturity of debt obligations may require significant cash

"However, they would not affect the company’s ability to draw on its credit facility and would not result in an acceleration of scheduled maturities of any of the company’s outstanding debt."

distress relevance: 0.48 market specificity: 0.43 score: 0.291 mda

anchor: maturity of debt obligations may require significant cash

"In addition, AbbVie's cash flow from operations may not be sufficient to repay all of the outstanding debt as it becomes due, and AbbVie may not be able to borrow money, sell assets, or otherwise raise funds on acceptable terms, or at all, to refinance its debt."

distress relevance: 0.57 market specificity: 0.46 score: 0.353 risk_factors

anchor: we may be unable to refinance our existing debt

"If AbbVie raises additional funds by issuing debt or entering into credit facilities, it may be subject to limitations on its operations due to restrictive covenants."

distress relevance: 0.56 market specificity: 0.38 score: 0.315 risk_factors

anchor: our debt covenants restrict our ability to operate

"The company plans to engage with regulatory agencies regarding potential next steps."

distress relevance: 0.49 market specificity: 0.48 score: 0.312 mda

anchor: we are subject to formal regulatory enforcement action

"AbbVie has debt obligations that could adversely affect its business and its ability to meet its obligations."

distress relevance: 0.51 market specificity: 0.42 score: 0.303 risk_factors

anchor: our debt covenants restrict our ability to operate

"For example, it may need to increase its investment in research and development activities."

distress relevance: 0.55 market specificity: 0.35 score: 0.298 risk_factors

anchor: we may need to raise additional capital to fund operations

"In addition, AbbVie's cash flow from operations may not be sufficient to repay all of the outstanding debt as it becomes due, and AbbVie may not be able to borrow money, sell assets, or otherwise raise funds on acceptable terms, or at all, to refinance its debt."

distress relevance: 0.57 market specificity: 0.44 score: 0.347 risk_factors

anchor: we may be unable to refinance our existing debt

"If AbbVie raises additional funds by issuing debt or entering into credit facilities, it may be subject to limitations on its operations due to restrictive covenants."

distress relevance: 0.56 market specificity: 0.41 score: 0.328 risk_factors

anchor: our debt covenants restrict our ability to operate

"AbbVie may need additional financing in the future to meet its capital needs or to make opportunistic acquisitions."

distress relevance: 0.52 market specificity: 0.42 score: 0.309 risk_factors

anchor: we may need to raise additional capital to fund operations

"For example, it may need to increase its investment in research and development activities."

distress relevance: 0.55 market specificity: 0.36 score: 0.300 risk_factors

anchor: we may need to raise additional capital to fund operations

"AbbVie has debt obligations that could adversely affect its business and its ability to meet its obligations."

distress relevance: 0.51 market specificity: 0.41 score: 0.300 risk_factors

anchor: our debt covenants restrict our ability to operate

"In addition, AbbVie's cash flow from operations may not be sufficient to repay all of the outstanding debt as it becomes due, and AbbVie may not be able to borrow money, sell assets, or otherwise raise funds on acceptable terms, or at all, to refinance its debt."

distress relevance: 0.57 market specificity: 0.42 score: 0.339 risk_factors

anchor: we may be unable to refinance our existing debt

"If AbbVie raises additional funds by issuing debt or entering into credit facilities, it may be subject to limitations on its operations due to restrictive covenants."

distress relevance: 0.56 market specificity: 0.42 score: 0.330 risk_factors

anchor: our debt covenants restrict our ability to operate

"For example, it may need to increase its investment in research and development activities or need funds to make acquisitions."

distress relevance: 0.61 market specificity: 0.34 score: 0.324 risk_factors

anchor: we may need to raise additional capital to fund operations

"The company intends to fund short-term and long-term financial obligations as they mature through cash on hand, future cash flows from operations or has the ability to issue additional debt."

distress relevance: 0.60 market specificity: 0.33 score: 0.318 mda

anchor: maturity of debt obligations may require significant cash

"The reserve for cash discounts is readily determinable because the company's experience of payment history is fairly consistent."

distress relevance: 0.49 market specificity: 0.44 score: 0.297 mda

anchor: cash and cash equivalents declined significantly

"In addition, AbbVie's cash flow from operations may not be sufficient to repay all of the outstanding debt as it becomes due, and AbbVie may not be able to borrow money, sell assets, or otherwise raise funds on acceptable terms, or at all, to refinance its debt."

distress relevance: 0.57 market specificity: 0.41 score: 0.333 risk_factors

anchor: we may be unable to refinance our existing debt

"If AbbVie raises additional funds by issuing debt or entering into credit facilities, it may be subject to limitations on its operations due to restrictive covenants."

distress relevance: 0.56 market specificity: 0.42 score: 0.330 risk_factors

anchor: our debt covenants restrict our ability to operate

"The company intends to fund short-term and long-term financial obligations as they mature through cash on hand, future cash flows from operations or has the ability to issue additional debt."

distress relevance: 0.60 market specificity: 0.35 score: 0.327 mda

anchor: maturity of debt obligations may require significant cash

"For example, it may need to increase its investment in research and development activities or need funds to make acquisitions."

distress relevance: 0.61 market specificity: 0.34 score: 0.324 risk_factors

anchor: we may need to raise additional capital to fund operations

"Additionally, financing cash flows in 2019 included the issuance of €1.4 billion aggregate principal amount of unsecured senior Euro notes which the company used to redeem €1.4 billion aggregate principal amount of 0.38% senior Euro notes that were due to mature in November 2019, as well as the repayment of a $3.0 billion 364-day term loan credit agreement that was scheduled to mature in June 2019"

distress relevance: 0.60 market specificity: 0.33 score: 0.316 mda

anchor: maturity of debt obligations may require significant cash

"In , the change in fair value represented mainly higher probabilities of success, the passage of time and declining interest rates."

distress relevance: 0.61 market specificity: 0.39 score: 0.352 mda

anchor: rising interest rates have significantly reduced the fair value of our portfolio

"amounts were outstanding under the company's credit facilities as of The company intends to fund short-term and long-term financial obligations as they mature through cash on hand, future cash flows from operations, or by issuing additional debt."

distress relevance: 0.61 market specificity: 0.33 score: 0.327 mda

anchor: maturity of debt obligations may require significant cash

"At , the company was in compliance with all its credit facility covenants."

distress relevance: 0.59 market specificity: 0.34 score: 0.316 mda

anchor: our debt covenants restrict our ability to operate

"The reserve for cash discounts is readily determinable because the company's experience of payment history is fairly consistent."

distress relevance: 0.49 market specificity: 0.46 score: 0.301 mda

anchor: cash and cash equivalents declined significantly

"Operating cash flows in primarily due to improved results of operations from revenue growth and a decrease in income tax payments."

distress relevance: 0.60 market specificity: 0.28 score: 0.300 mda

anchor: we are experiencing significant cash outflows