debt
confidence high
sentiment neutral
materiality 0.55
CVS Health issues $5.0B in senior notes across five tranches with rates 5.4%-6.05%
CVS HEALTH Corp
- Aggregate principal $5.0B; net proceeds ~$4.95B after underwriting discounts and expenses.
- Tranches: $1B 5.400% due 2029, $1B 5.550% due 2031, $1.25B 5.700% due 2034, $750M 6.000% due 2044, $1B 6.050% due 2054.
- Closing expected May 9, 2024, subject to customary conditions.
- Underwriters include BofA Securities, Barclays, Goldman Sachs, J.P. Morgan, and Wells Fargo.