Summary
AmerisourceBergen Corporation (now Cencora, Inc.) announced on November 8, 2011, its entry into an Underwriting Agreement to issue and sell $500 million in aggregate principal amount of 3.500% Senior Notes due November 15, 2021. The sale is expected to be consummated on November 14, 2011, with estimated net proceeds of approximately $494.5 million after deducting underwriting discounts and expenses. The net proceeds from this offering are intended for general corporate purposes. These notes will be senior unsecured obligations of the company, initially guaranteed on an unsecured basis by certain U.S. subsidiaries, which also guarantee other existing senior notes and a revolving credit facility. This filing provides an update on a material definitive agreement entered into by the company.
Key Highlights
- 1AmerisourceBergen Corporation priced a $500 million offering of 3.500% Senior Notes due 2021.
- 2The offering is expected to close on November 14, 2011.
- 3Estimated net proceeds from the offering are approximately $494.5 million.
- 4Proceeds are intended for general corporate purposes.
- 5The notes will be senior unsecured obligations of the company.
- 6Certain U.S. subsidiaries will provide unsecured guarantees for the notes.
- 7The guarantees will also extend to existing senior notes and a multi-currency revolving credit facility.