Summary
Cardinal Health, Inc. (CAH) announced on June 2, 2008, the issuance and sale of $300 million in aggregate principal amount of 5.500% notes due in 2013. This financing was conducted under the company's effective registration statement on Form S-3, with Banc of America Securities LLC acting as the representative for the underwriters. The issuance of these notes is a significant event for investors as it impacts the company's capital structure and debt obligations. The filing details the execution of an underwriting agreement dated May 28, 2008, and the governing indenture between Cardinal Health and The Bank of New York Trust Company, N.A., dated June 2, 2008. Legal opinions regarding the legality of the notes have also been provided. Investors should note that this offering expands the company's outstanding debt, which could affect leverage ratios and future interest expenses.
Key Highlights
- 1Cardinal Health issued $300 million in 5.500% notes maturing in 2013.
- 2The offering was made under an effective registration statement on Form S-3.
- 3Banc of America Securities LLC acted as the representative for the underwriters.
- 4The notes are governed by an Indenture dated June 2, 2008, with The Bank of New York Trust Company, N.A.
- 5This transaction increases the company's outstanding debt.
- 6Legal opinions regarding the notes' legality were provided.