debt
confidence high
sentiment neutral
materiality 0.50
McKesson issues $500M of 5.250% Notes due 2026; net proceeds ~$497.8M
MCKESSON CORP
- $500M aggregate principal; 5.250% interest; matures 2026; interest payable Feb 15 and Aug 15.
- Net proceeds of ~$497.8M after underwriting; use for general corporate purposes including debt repayment.
- Notes are unsecured and unsubordinated; rank equally with existing and future unsecured debt.
- Issued under shelf registration; change-of-control repurchase at 101% if downgraded below investment grade.
- Underwriters include BNP Paribas and Wells Fargo; offering closed on Feb 15, 2023.