WBA closes $6 billion debt offering

DEERFIELD, Ill. - Walgreens Boots Alliance on Wednesday closed a $6 billion debt offering to finance its proposed acquisition of Rite Aid.

The international retail pharmacy operator intends to use the net proceeds from the offering to fund a portion of the cash consideration payable in connection with the Rite Aid acquisition, to retire a portion of Rite Aid’s existing debt and to pay related fees and expenses.

The previously announced debt offering consisted of:

• 
  $1.25 billion 1.750% notes due 2018;


• 
  $1.5 billion 2.600% notes due 2021;


• 
  $750 million 3.100% notes due 2023;


• 
  $1.9 billion 3.450% notes due 2026; and


• 
  $600 million 4.650% notes due 2046.

Any remaining net proceeds from the sale of the notes may also be used for general corporate purposes.