Summary
Cencora, Inc. (COR) has announced the pricing of a significant senior notes offering totaling $2.5 billion across multiple tranches with varying maturity dates and coupon rates. These notes include $500 million in 3.950% Senior Notes due 2029, $500 million in 4.250% Senior Notes due 2030, $500 million in 4.600% Senior Notes due 2033, $1 billion in 4.900% Senior Notes due 2036, and $500 million in 5.650% Senior Notes due 2056. The company expects to receive approximately $2.98 billion in net proceeds from this offering, after deducting underwriting discounts and expenses.
Key Highlights
- 1Cencora priced a $2.5 billion aggregate principal amount senior notes offering across five tranches.
- 2The offering includes notes maturing in 2029, 2030, 2033, 2036, and 2056, with coupon rates ranging from 3.950% to 5.650%.
- 3Net proceeds from the offering are estimated to be approximately $2.98 billion.
- 4The net proceeds will be primarily used to repay outstanding amounts under a $3.0 billion 364-day term loan facility entered into on January 12, 2026.
- 5Any remaining proceeds will be used for general corporate purposes.
- 6The offering was conducted under Cencora's existing shelf registration statement.
- 7The sale of the notes is expected to close on February 13, 2026, subject to customary closing conditions.