Cencora, Inc. announced on December 2, 2024, the pricing of a $1.8 billion aggregate principal amount senior notes offering. The offering includes $500 million of 4.625% Senior Notes due December 15, 2027, $600 million of 4.850% Senior Notes due December 15, 2029, and $700 million of 5.150% Senior Notes due February 15, 2035.
The offering was made pursuant to an effective shelf registration statement filed with the SEC on November 26, 2024. The closing of the offering is expected on December 9, 2024, subject to customary closing conditions.
Cencora intends to use the net proceeds from this offering to finance the acquisition of the majority of Retina Consultants of America and related fees and expenses, as well as for general corporate purposes. This debt issuance is a key component of the company's capital strategy to support its strategic growth initiatives.
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