McKesson issues $1B of 4.900%/5.100% notes due 2028/2033; retires $271M of 2024 notes via tender

MCKESSON CORP

Issued $400M 4.900% notes due 2028 and $600M 5.100% notes due 2033; net proceeds ~$991.2M after underwriting.
Concurrent tender offer purchased $271M (29.52%) of outstanding $918M 3.796% notes due 2024; retired and cancelled.
Remaining 2024 notes satisfied and discharged via deposit of U.S. government obligations with trustee.
Remaining net proceeds from new notes will be used for general corporate purposes.
Notes are unsecured, unsubordinated, rank equally with existing unsecured debt; make-whole redemption provisions apply.

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