MCKESSON CORP (MCK): debt financing — McKesson issues $2B notes to fund acquisition of 70% stake in Community Oncology Revitalization

MCKESSON CORP

Issued $650M 4.650% notes due 2030, $650M 4.950% notes due 2032, $700M 5.250% notes due 2035.
Net proceeds ~$1.99B; combined with cash on hand to fund acquisition of 70% controlling interest in Community Oncology Revitalization Enterprise Ventures (Florida Cancer Specialists).
Interest payable semi-annually on May 30 and Nov 30, starting Nov 30, 2025.
Notes are unsecured, unsubordinated, rank equally with existing unsecured debt; change of control/rating downgrade triggers repurchase offer at 101% plus accrued interest.
Underwriters include Barclays, BofA Securities, Deutsche Bank, J.P. Morgan.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MCKESSON CORP incurred senior notes of $650,000,000 in aggregate principal amount of the Company's 4.650% Notes due 2030 at 4.650% maturing 2030.

Instrument: senior notes
Principal: $650,000,000 in aggregate principal amount of the Company's 4.650% Notes due 2030
Rate: 4.650%
Maturity: 2030
Event: incurrence

Exact text from the filing

$650,000,000 in aggregate principal amount of the Company's 4.650% Notes due 2030 (the "2030 Notes"), $650,000,000 in aggregate principal amount of the Company's 4.950% Notes due 2032 (the "2032 Notes") and $700,000,000 in aggregate principal amount of the Company's 5.250% Notes due 2035 (the "2035 Notes" and, together with the 2030 Notes and 2032 Notes, the "Notes")

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MCKESSON CORP filing history →

Source: SEC EDGAR

accession 0001628280-25-028495

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