debt
confidence high
sentiment neutral
materiality 0.55
CVS Health to issue $5B in senior notes across five tranches
CVS HEALTH Corp
- Aggregate principal: $1B 5.000% notes due 2029, $750M 5.250% notes due 2031, $1.25B 5.300% notes due 2033, $1.25B 5.875% notes due 2053, $750M 6.000% notes due 2063.
- Net proceeds to CVS estimated at approximately $4.938B after underwriter discounts and expenses.
- Offering expected to close June 2, 2023, subject to customary conditions.
- Underwriters include Barclays, BofA Securities, Goldman Sachs, J.P. Morgan, and Wells Fargo Securities.