debt
confidence high
sentiment neutral
materiality 0.55
CVS Health issues $3B junior subordinated notes: 7.0% due 2055, 6.75% due 2054
CVS HEALTH Corp
- Issued $2.25B of 7.000% Series A Junior Subordinated Notes due 2055 and $750M of 6.750% Series B Junior Subordinated Notes due 2054.
- Expected net proceeds ~$2.963B after underwriting discounts and expenses.
- Closing expected December 10, 2024; lead underwriters include Barclays, Citigroup, Goldman Sachs.
- Registration statement on Form S-3ASR (File No. 333-272200) effective May 25, 2023.