debt
confidence high
sentiment neutral
materiality 0.60
Cencora prices $1.8B debt offering in three tranches to fund Retina Consultants acquisition
Cencora, Inc.
- $500M 4.625% senior notes due 2027, $600M 4.850% notes due 2029, $700M 5.150% notes due 2035 priced.
- Net proceeds estimated at $1.79B from the registered public offering.
- Proceeds will finance the acquisition of majority of Retina Consultants of America and related costs.
- Offering expected to close December 9, 2024, subject to customary conditions.
- Joint book-running managers: BofA Securities, Citigroup, J.P. Morgan, Wells Fargo Securities.