Cencora Prices $500 Million 4.625% Senior Notes Due 2027, $600 Million 4.850% Senior Notes Due 2029 and $700 Million 5.150% Senior Notes Due 2035
December 02 2024 - 10:49PM
Business Wire
Cencora, Inc. (NYSE: COR) today announced that it priced $500
million aggregate principal amount of its 4.625% Senior Notes due
December 15, 2027 (the “2027 Notes”), $600 million aggregate
principal amount of its 4.850% Senior Notes due December 15, 2029
(the “2029 Notes”) and $700 million aggregate principal amount of
its 5.150% Senior Notes due February 15, 2035 (the “2035 Notes”
and, together with the 2027 Notes and the 2029 Notes, the “Notes”),
in an underwritten registered public offering. The offering is
being made pursuant to an effective shelf registration statement
Cencora filed with the Securities and Exchange Commission (the
“SEC”) on November 26, 2024. The offering is expected to close on
December 9, 2024, subject to the satisfaction of customary closing
conditions. Cencora intends to use the net proceeds from the
offering to finance the acquisition of the majority of Retina
Consultants of America and related fees and expenses, and for
general corporate purposes.
The joint book-running managers for the offering are BofA
Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Wells Fargo Securities, LLC. Earlier today,
Cencora filed a preliminary prospectus supplement and an
accompanying prospectus with the SEC in connection with the
offering of the Notes. Copies of these materials can be made
available by contacting: BofA Securities, Inc., NC1-004-03-43, 200
North College Street, 3rd Floor, Charlotte, North Carolina 28255,
Attention: Prospectus Department, email:
dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, email: prospectus@citi.com or telephone:
1-800-831-9146; J.P. Morgan Securities LLC, 383 Madison Avenue, New
York, New York 10179, Attention: Investment Grade Syndicate Desk,
3rd Floor, telephone collect at 1-212-834-4533; and Wells Fargo
Securities, LLC, 608 2nd Avenue South, Suite 1000, 608 2nd Avenue
South, Suite 1000, Minneapolis, Minnesota 55402, Attention: WFS
Customer Service, email: wfscustomerservice@wellsfargo.com or
telephone: 1-800-645-3751. Electronic copies of the preliminary
prospectus supplement and accompanying prospectus are also
available on the SEC’s web site at www.sec.gov.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any
sale of the Notes in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Cencora
Cencora is a leading global pharmaceutical solutions
organization centered on improving the lives of people and animals
around the world. We partner with pharmaceutical innovators across
the value chain to facilitate and optimize market access to
therapies. Care providers depend on us for the secure, reliable
delivery of pharmaceuticals, healthcare products, and solutions.
Our 46,000+ worldwide team members contribute to positive health
outcomes through the power of our purpose: We are united in our
responsibility to create healthier futures. Cencora is ranked #10
on the Fortune 500 and #24 on the Global Fortune 500 with more than
$290 billion in annual revenue.
Cencora’s Cautionary Note Regarding
Forward-Looking Statements
Certain of the statements contained in this press release are
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the “Securities
Exchange Act”). Words such as “aim,” “anticipate,” “believe,”
“can,” “continue,” “could,”, “estimate,” “expect,” “intend,” “may,”
“might,” “on track,” “opportunity,” “plan,” “possible,”
“potential,” “predict,” “project,” “seek,” “should,” “strive,”
“sustain,” “synergy,” “target,” “will,” “would” and similar
expressions are intended to identify forward-looking statements,
but the absence of these words does not mean that a statement is
not forward-looking. These statements are based on management’s
current expectations and are subject to uncertainty and changes in
circumstances and speak only as of the date hereof. These
statements are not guarantees of future performance and are based
on assumptions and estimates that could prove incorrect or could
cause actual results to vary materially from those indicated. A
more detailed discussion of the risks and uncertainties that could
cause our actual results to differ materially from those indicated
is included in the “Risk Factors” and “Management’s Discussion and
Analysis” sections in the Company’s Annual Report on Form 10-K for
the fiscal year ended September 30, 2024 and elsewhere in that
report and other reports filed by the Company pursuant to the
Securities Exchange Act. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, except as
required by the federal securities laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20241202365743/en/
Bennett S. Murphy Senior Vice President, Head of Investor
Relations and Treasury 610-727-3693 bennett.murphy@cencora.com
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