secwatch.observer — SEC 8-K summary
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Issuer:     MCKESSON CORP (MCK)
CIK:        0000927653
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0000927653-24-000110
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

McKesson issues $500M 4.250% notes due 2029 to redeem higher-rate 2026 notes
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- Issued $500M aggregate principal of 4.250% Notes due 2029 at 99.946% of par.
- Net proceeds ~$498M after underwriting discount; use to fund redemption of 5.250% Notes due 2026.
- Notes rank equally with existing unsecured debt; redeemable at make-whole plus 15 bps before Aug 15, 2029.
- Calls all $500M of 5.250% 2026 Notes at 100% plus accrued interest; refinancing lowers coupon by 100 bps.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927653/000092765324000110/0000927653-24-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927653/000092765324000110/mck-20240905.htm
  HTML page:      https://secwatch.observer/filing/0000927653-24-000110

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