--- schema_version: "secwatch.filing_event.v1" accession: "0001193125-23-207773" form_type: "8-K" ticker: null cik: "0001618921" company_name: "Walgreens Boots Alliance, Inc." filed_at: "2023-08-10T23:59:59+00:00" generated_at: "2026-06-11T17:44:27.853911+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # WBA enters $1B delayed draw term loan and $2.25B revolver; terminates prior facilities ## Summary - Entered $1B delayed draw term loan (draws through Dec 31, 2023) and $2.25B 3-year revolving credit facility on Aug 9, 2023. - Revolver matures Aug 9, 2026; delayed draw loan matures 3 years after initial funding. - Covenant restricts Consolidated Debt to Total Capitalization ≤ 0.60:1.00, subject to increase in certain circumstances. - Terminated existing 18-month revolver (June 2022) and 364-day revolver (March 2023); all obligations paid in full. - Borrowings bear interest at Alternate Base Rate, Term SOFR, or Daily SOFR plus margin based on credit ratings. ## SEC filing metadata - accession: 0001193125-23-207773 - form_type: 8-K - cik: 0001618921 - company_name: Walgreens Boots Alliance, Inc. - filed_at: 2023-08-10T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/d542330d8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001193125-23-207773 - JSON: https://secwatch.observer/filing/0001193125-23-207773.json - Plain text: https://secwatch.observer/filing/0001193125-23-207773.txt ## Key facts - Debt Financings Walgreens Boots Alliance, Inc. incurred credit facility of $1,000,000,000 with Bank of America, N.A., as administrative agent at alternate base rate, the term SOFR rate or the daily SOFR rate, plus an applicab maturing three years after the initial funding of the loans (if any) under the agreement. - Instrument: credit facility - Principal: $1,000,000,000 - Counterparty: Bank of America, N.A., as administrative agent - Rate: alternate base rate, the term SOFR rate or the daily SOFR rate, plus an applicab - Maturity: three years after the initial funding of the loans (if any) under the agreement - Event: incurrence source text: On August 9, 2023 (the “Signing Date”), Walgreens Boots Alliance, Inc. (the “Company”) entered into a three-year $1,000,000,000 delayed draw term loan credit agreement (the “Delayed Draw Credit Agreement”) with the lenders from time to time party thereto and Bank of America, N.A., as administrative agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm - Debt Financings Walgreens Boots Alliance, Inc. incurred revolving credit of $2,250,000,000 with Bank of America, N.A., as administrative agent and swing line lender at alternate base rate, the term SOFR rate or the daily SOFR rate, plus an applicab maturing three years after the Signing Date. - Instrument: revolving credit - Principal: $2,250,000,000 - Counterparty: Bank of America, N.A., as administrative agent and swing line lender - Rate: alternate base rate, the term SOFR rate or the daily SOFR rate, plus an applicab - Maturity: three years after the Signing Date - Event: incurrence source text: On August 9, 2023, the Company also entered into a $2,250,000,000 three-year revolving credit agreement (the “Revolving Credit Agreement”, together with the Delayed Draw Credit Agreement, the “Credit Agreements”) with the designated borrowers from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and swing line lender. evidence_url: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm - Material Agreements Walgreens Boots Alliance, Inc. entered into Delayed Draw Credit Agreement with Bank of America, N.A., as administrative agent, and the lenders from time to time party thereto valued at $1,000,000,000 (effective 2023-08-09). - Action: entry - Agreement: credit facility - Counterparty: Bank of America, N.A., as administrative agent, and the lenders from time to time party thereto - Value: $1,000,000,000 - Effective: 2023-08-09 source text: On August 9, 2023 (the “Signing Date”), Walgreens Boots Alliance, Inc. (the “Company”) entered into a three-year $1,000,000,000 delayed draw term loan credit agreement (the “Delayed Draw Credit Agreement”) with the lenders from time to time party thereto and Bank of America, N.A., as administrative agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm - Material Agreements Walgreens Boots Alliance, Inc. terminated Eighteen-Month Revolving Credit Agreement with Wells Fargo Bank, National Association, as administrative agent and swing line lender, and the lenders from time to time party thereto (effective 2023-08-09). - Action: termination - Agreement: credit facility - Counterparty: Wells Fargo Bank, National Association, as administrative agent and swing line lender, and the lenders from time to time party thereto - Effective: 2023-08-09 source text: Simultaneously with the entry into the Revolving Credit Agreement, the Company has terminated (i) the Eighteen-Month Revolving Credit Agreement, dated as of June 17, 2022, among the Company, the designated borrowers from time to time party thereto, the lenders from time to time party thereto and Wells Fargo Bank, National Association, as administrative agent and swing line lender evidence_url: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm - Material Agreements Walgreens Boots Alliance, Inc. entered into Revolving Credit Agreement with Bank of America, N.A., as administrative agent and swing line lender, and the lenders from time to time party thereto valued at $2,250,000,000 (effective 2023-08-09). - Action: entry - Agreement: credit facility - Counterparty: Bank of America, N.A., as administrative agent and swing line lender, and the lenders from time to time party thereto - Value: $2,250,000,000 - Effective: 2023-08-09 source text: On August 9, 2023, the Company also entered into a $2,250,000,000 three-year revolving credit agreement (the “Revolving Credit Agreement”, together with the Delayed Draw Credit Agreement, the “Credit Agreements”) with the designated borrowers from time to time party thereto, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent and swing line lender. evidence_url: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm - Material Agreements Walgreens Boots Alliance, Inc. terminated 364-Day Revolving Credit Agreement with Mizuho Bank, Ltd., as administrative agent, and the lenders from time to time party thereto (effective 2023-08-09). - Action: termination - Agreement: credit facility - Counterparty: Mizuho Bank, Ltd., as administrative agent, and the lenders from time to time party thereto - Effective: 2023-08-09 source text: and (ii) the 364-Day Revolving Credit Agreement, dated as of March 2, 2023, among the Company, the lenders from time to time party thereto and Mizuho Bank, Ltd., as administrative agent. evidence_url: https://www.sec.gov/Archives/edgar/data/1618921/000119312523207773/0001193125-23-207773-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.