Cardinal Health to redeem $1.14 billion of four note series on Dec. 10

By Marisa Wong

Madison, Wis., Nov. 13 – Cardinal Health, Inc. will redeem $1.4 billion in four series of its notes at par on Dec. 10, according to several redemption notices.

The company will redeem in full its $500 million outstanding 4% notes due June 15, 2015, its $295,406,000 outstanding 5.8% notes due Oct. 15, 2016, its $158,173,000 outstanding 5.85% notes due Dec. 15, 2017 and its $185,787,000 outstanding 6% notes due June 15, 2017.

The company announced earlier this month that it planned to redeem those four series using proceeds of a registered public offering of senior notes due 2019, 2024 and 2044 but had not disclosed redemption details.

Cardinal Health is a Dublin, Ohio-based health-care services company that provides pharmaceutical and medical products.

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