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WBA closes $6 billion debt offering

6/2/2016

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.


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