Express Scripts to redeem its 3.5% senior notes due 2016 via new debt

By Tali Rackner

Norfolk, Va., June 2 - Express Scripts Holding Co. plans to redeem all of its outstanding 3.5% senior notes due 2016 with the proceeds from new notes offerings, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds will also be used to pay its outstanding 2.75% senior notes due 2014 in full at maturity on Nov. 15 and for general corporate purposes, which may include repurchases of common stock under Express Scripts' share repurchase program pursuant to open market transactions, block trades, privately negotiated transactions or other means, or a combination.

The pharmaceutical benefits management company is based in St. Louis.

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