secwatch.observer — SEC 8-K summary
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Issuer:     CARDINAL HEALTH INC (CAH)
CIK:        0000721371
Form:       8-K
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001193125-24-264393
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardinal Health Issues $2.9B in Senior Notes to Fund Acquisitions of GI Alliance and Advanced Diabetes Supply
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- Issued $500M of 4.700% Notes due 2026, $750M of 5.000% Notes due 2029, $1B of 5.350% Notes due 2034, and $650M of 5.750% Notes due 2054.
- Net proceeds will partially fund the proposed acquisitions of GI Alliance Holdings and Advanced Diabetes Supply Group.
- If the GI Alliance acquisition is not closed by November 11, 2025, the company must redeem the notes at 101% of principal plus accrued interest.
- Bridge loan commitments from Bank of America were reduced by net proceeds and remaining excess commitments terminated on November 22, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721371/000119312524264393/0001193125-24-264393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721371/000119312524264393/d877130d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-264393

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer