Express Scripts plans to sell benchmark-sized issue of senior notes

By Andrea Heisinger

New York, June 2 - Express Scripts, Inc. announced in a press release Tuesday that it plans to issue a benchmark-sized offering of senior notes in the late third or fourth quarter of 2009.

The offering is part of a financing plan, along with a common stock share sale, that will be used to pay the $4.675 billion purchase price for the acquisition of WellPoint's pharmacy benefit management business.

Express Scripts, a pharmacy benefit management company, is based in St. Louis.

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