Cardinal Health issues irrevocable redemption notice for 2022 notes

Chicago, May 14 – Cardinal Health, Inc. is sending irrevocable notices of redemption to holders of two series of notes, both due 2022, according to a press release.

The redemption notices will be sent to noteholders of the $237,558,000 outstanding 3.2% notes due June 2022 and $262,442,000 outstanding of 2.616% notes due June 2022.

Both will be redeemed with make-whole premiums, with the 3.2% notes redeemed at a premium based on an amount that uses a Treasuries plus 25 basis points premium and the 2.616% notes using a premium with a Treasuries plus 15 bps premium.

The early redemption date is June 15.

Cardinal Health is a Dublin, Ohio, distributor of medical products and pharmaceuticals.

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