Attached files
file | filename |
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8-K - FORM 8-K - Allergan plc | d649753d8k.htm |
EX-4.1 - EX-4.1 - Allergan plc | d649753dex41.htm |
EX-5.2 - EX-5.2 - Allergan plc | d649753dex52.htm |
EX-5.3 - EX-5.3 - Allergan plc | d649753dex53.htm |
EX-5.4 - EX-5.4 - Allergan plc | d649753dex54.htm |
Exhibit 5.1
CLEARY GOTTLIEB STEEN & HAMILTON LLP
One Liberty Plaza New York, NY 10006-1470 T: + 1 212 225 2000 F: + 1 212 225 3999
clearygottlieb.com
WASHINGTON, D.C. PARIS BRUSSELS LONDON MOSCOW FRANKFURT COLOGNE ROME MILAN HONGKONG BEIJING BUENOS AIRES SÃO PAULO ABU DHABI SEOUL
D: +1 212 225 2864 jkarpf@cgsh.com |
VICTOR I. LEWKOW LEE C. BUCHHEIT THOMAS J. MOLONEY DAVID G. SABEL JONATHAN I. BLACKMAN MICHAEL L. RYAN ROBERT P. DAVIS YARON Z. REICH RICHARD S. LINCER STEVEN G. HOROWITZ JAMES A. DUNCAN STEVEN M. LOEB CRAIG B. BROD EDWARD J. ROSEN NICOLAS GRABAR CHRISTOPHER E. AUSTIN HOWARD S. ZELBO DAVID E. BRODSKY ARTHUR H. KOHN RICHARD J. COOPER JEFFREY S. LEWIS PAUL J. SHIM STEVEN L. WILNER ERIKA W. NIJENHUIS ANDRES DE LA CRUZ DAVID C. LOPEZ JAMES L. BROMLEY MICHAEL A. GERSTENZANG LEWIS J. LIMAN LEV L. DASSIN NEIL Q. WHORISKEY JORGE U. JUANTORENA MICHAEL D. WEINBERGER DAVID LEINWAND DIANA L. WOLLMAN JEFFREY A. ROSENTHAL ETHAN A. KLINGSBERG MICHAEL D. DAYAN CARMINE D. BOCCUZZI, JR. JEFFREY D. KARPF |
KIMBERLY BROWN BLACKLOW ROBERT J. RAYMOND SUNG K. KANG LEONARD C. JACOBY SANDRA L. FLOW FRANCISCO L. CESTERO FRANCESCA L. ODELL WILLIAM L. MCRAE JASON FACTOR JOON H. KIM MARGARET S. PEPONIS LISA M. SCHWEITZER JUAN G. GIRALDEZ DUANE MCLAUGHLIN BREON S. PEACE MEREDITH E. KOTLER CHANTAL E. KORDULA BENET J. OREILLY ADAM E. FLEISHER SEAN A. ONEAL GLENN P. MCGRORY MATTHEW P. SALERNO MICHAEL J. ALBANO VICTOR L. HOU ROGER A. COOPER AMY R. SHAPIRO JENNIFER KENNEDY PARK ELIZABETH LENAS LUKE A. BAREFOOT PAMELA L. MARCOGLIESE PAUL M. TIGER JONATHAN S. KOLODNER DANIEL ILAN MEYER H. FEDIDA ADRIAN R. LEIPSIC ELIZABETH VICENS ADAM J. BRENNEMAN ARI D. MACKINNON JAMES E. LANGSTON JARED GERBER |
COLIN D. LLOYD COREY M. GOODMAN RISHI ZUTSHI JANE VANLARE DAVID H. HERRINGTON KIMBERLY R. SPOERRI AARON J. MEYERS DANIEL C. REYNOLDS ABENA A. MAINOO HUGH C. CONROY, JR. RESIDENT PARTNERS
SANDRA M. ROCKS S. DOUGLAS BORISKY JUDITH KASSEL DAVID E. WEBB PENELOPE L. CHRISTOPHOROU BOAZ S. MORAG MARY E. ALCOCK HEIDE H. ILGENFRITZ KATHLEEN M. EMBERGER WALLACE L. LARSON, JR. AVRAM E. LUFT ANDREW WEAVER HELENA K. GRANNIS JOHN V. HARRISON CAROLINE F. HAYDAY RAHUL MUKHI NEIL R. MARKEL HUMAYUN KHALID KENNETH S. BLAZEJEWSKI ANDREA M. BASHAM LAURA BAGARELLA SHIRLEY M. LO RESIDENT COUNSEL
LOUISE M. PARENT OF COUNSEL |
November 15, 2018
Allergan Funding SCS
46A, avenue J.F. Kennedy
L-1855 Luxembourg,
Grand Duchy of Luxembourg
Ladies and Gentlemen:
We have acted as special United States counsel to Allergan plc, a public limited company incorporated under the laws of the Republic of Ireland (Allergan plc), and its subsidiary, Allergan Funding SCS, a limited partnership (société en accomandite simple) organized under the laws of the Grand Duchy of Luxembourg (the Company), in connection with the offering pursuant to a registration statement on Form S-3 (No. 333-223089) (the Registration Statement) of Allergan plc, the Company and the guarantors listed on Schedule I hereto (the Guarantors) and the prospectus dated February 16, 2018, as supplemented by the prospectus supplement dated November 8, 2018 (the Prospectus) of 500,000,000 aggregate principal amount of the Companys 1.500% notes due 2023, 500,000,000 aggregate principal amount of the Companys 2.625% notes due 2028 and 700,000,000 aggregate principal amount of the Companys floating rate notes due 2020 (the Securities). The Securities were issued under an indenture dated as of March 12, 2015 (the Base Indenture) among the Company, the Guarantors, as guarantors, and Wells Fargo Bank, National Association, as trustee (the Trustee), as amended by the first supplemental indenture, dated as of March 12, 2015 (the First Supplemental Indenture) among the Company, the Guarantors and the Trustee, the second supplemental indenture, dated as of May 7, 2015 (the Second Supplemental Indenture) among the Company, the Guarantors and the Trustee, the third supplemental indenture, dated as of May 26, 2017 (the Third Supplemental Indenture) among the Company, the Guarantors and the Trustee and the fourth supplemental indenture, dated as of November 15, 2018 (the Fourth Supplemental Indenture and, together with the Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the Indenture) among the Company, the Guarantors and the Trustee. The Indenture includes the guarantees of the Securities by the Guarantors (the Guarantees).
Cleary Gottlieb Steen & Hamilton LLP or an affiliated entity has an office in each of the cities listed above.
In arriving at the opinions expressed below, we have reviewed the following documents:
(a) | the Registration Statement and the documents incorporated by reference therein; |
(b) | the Prospectus and the documents incorporated by reference therein; |
(c) | an executed copy of the Underwriting Agreement dated November 8, 2018 among the Company, the Guarantors and the several underwriters named in Schedule 1 thereto; |
(d) | an executed copy of the Indenture; and |
(e) | facsimile copies of the Securities in global form as executed by the Company and authenticated by the Trustee. |
In addition, we have reviewed the originals or copies certified or otherwise identified to our satisfaction of all such other documents, and we have made such investigations of law, as we have deemed appropriate as a basis for the opinions expressed below.
In rendering the opinions expressed below, we have assumed the authenticity of all documents submitted to us as originals and the conformity to the originals of all documents submitted to us as copies. In addition, we have assumed and have not verified the accuracy as to factual matters of each document we have reviewed.
Based on the foregoing, and subject to the further assumptions and qualifications set forth below, it is our opinion that:
1. The Securities have been validly issued by the Company and are the valid, binding and enforceable obligations of the Company, entitled to the benefits of the Indenture.
2. The Guarantees are the valid, binding and enforceable obligations of the respective Guarantors, entitled to the benefits of the Indenture.
Insofar as the foregoing opinions relate to the validity, binding effect or enforceability of any agreement or obligation of the Company or any Guarantor (a) we have assumed that the Company or such Guarantor and each other party to such agreement or obligation has satisfied those legal and organizational requirements that are applicable to it to the extent necessary to make such agreement or obligation enforceable against it (except that no such assumption is made as to the Company or such Guarantor regarding matters of the federal law of the United States of America or the law of the State of New York that in our experience normally would be applicable to general business entities with respect to such agreement or obligation), (b) such opinions are subject to applicable bankruptcy, insolvency and similar laws affecting creditors rights generally and to general principles of equity and (c) such opinions are subject to the effect of judicial application of foreign laws or foreign governmental actions affecting creditors rights.
We note that waivers of defenses contained in the Guarantees may be ineffective to the extent that any such defense involve a matter of public policy in New York.
We note that the designation in Section 14.17 of the Base Indenture of the U.S. federal courts sitting in the Borough of Manhattan in the City of New York as the venue for actions or proceedings relating to the Indenture, the Securities or the Guarantees is (notwithstanding the waiver in Section 14.17 of the Base Indenture) subject to the power of such courts to transfer actions pursuant to 28 U.S.C. §1404(a) or to dismiss such actions or proceedings on the grounds that such a federal court is an inconvenient forum for such an action or proceeding.
We note that by statute New York provides that a judgment or decree rendered in a currency other than the currency of the United States shall be converted into U.S. dollars at the rate of exchange prevailing on the date of entry of the judgment or decree. There is no corresponding federal statute and no controlling Federal court decision on this issue.
Accordingly, we express no opinion as to whether a Federal court would award a judgment in a currency other than U.S. dollars or, if it did so, whether it would order conversion of the judgment into U.S. dollars. In addition, to the extent that any Securities or applicable agreement governing those Securities includes a provision relating to indemnification against any loss in obtaining currency due from a court judgment in another currency, we express no opinion as to the enforceability of such provision.
The foregoing opinions are limited to the federal law of the United States of America and the law of the State of New York.
We hereby consent to the use of our name in the Prospectus under the heading Legal Matters, and to the filing of this opinion as Exhibit 5.1 to Allergan plc and Warner Chilcott Limiteds Current Report on Form 8-K dated November 15, 2018. In giving such consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder. The opinions expressed herein are rendered on and as of the date hereof, and we assume no obligation to advise you or any other person, or to make any investigations, as to any legal developments or factual matters arising subsequent to the date hereof that might affect the opinions expressed herein.
Very truly yours, | ||
CLEARY GOTTLIEB STEEN & HAMILTON LLP | ||
By | /s/ Jeffrey D. Karpf | |
Jeffrey D. Karpf, a Partner |
Schedule I
Guarantor |
State or other jurisdiction of incorporation or organization | |
Allergan Capital S. à r.l. | Grand Duchy of Luxembourg | |
Warner Chilcott Limited | Bermuda | |
Allergan Finance, LLC | Nevada |
Cleary Gottlieb Steen & Hamilton LLP or an affiliated entity has an office in each of the cities listed above.