Summary
Cardinal Health, Inc. (CAH) has filed an 8-K report detailing a significant financing event. On February 20, 2024, the company successfully completed a public offering of new debt securities, raising a total of $1.15 billion. This offering consisted of $650 million in 5.125% Notes due in 2029 and $500 million in 5.450% Notes due in 2034. The issuance of these notes represents a material definitive agreement and the creation of a direct financial obligation for the company. The proceeds from this offering are expected to be used for general corporate purposes. This action signals the company's ongoing strategy to manage its capital structure and fund its operations.
Key Highlights
- 1Completed a public offering of $650 million in 5.125% Notes due 2029.
- 2Completed a public offering of $500 million in 5.450% Notes due 2034.
- 3Total aggregate principal amount of new notes issued is $1.15 billion.
- 4The offering was made under the company's effective Form S-3 registration statement.
- 5Entered into an Underwriting Agreement with BofA Securities, Inc., Goldman Sachs & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC.
- 6The new notes are governed by an Indenture supplemented by a First Supplemental Indenture.