debt
confidence high
sentiment neutral
materiality 0.60
Cencora closes $1.8B senior notes offering to fund Retina Consultants of America acquisition
Cencora, Inc.
- Issued $500M 4.625% notes due 2027, $600M 4.850% notes due 2029, $700M 5.150% notes due 2035.
- Net proceeds to finance majority acquisition of Retina Consultants of America and related fees/expenses.
- Terminated remaining $1.8B bridge financing commitments upon receiving note proceeds.
- Notes are unsecured, rank equally with existing unsecured debt; structurally subordinated to subsidiary liabilities.