debt
confidence high
sentiment neutral
materiality 0.60
McKesson commences tender offer for any and all $918M of 3.796% Notes due 2024
MCKESSON CORP
- Tender offer for any and all $918,070,000 of 3.796% Notes due 2024; expires June 13, 2023.
- Notes Consideration based on fixed spread of 20 bps over 0.250% UST due March 2024.
- Offer conditioned on successful completion of new senior notes offering to fund repurchase and potential discharge.
- Company expects to satisfy and discharge indenture for any remaining 2024 Notes after tender.
- BofA, Goldman Sachs lead dealer managers; Global Bondholder Services depositary agent.