Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Walgreens Boots Alliance Inc. > News item |
Moody’s assigns Walgreens Boots Alliance notes Baa2
Moody's Investors Service said it assigned a Baa2 senior unsecured note rating to Walgreens Boots Alliance, Inc. (WBA).
The outlook is stable.
The rating is being assigned as a part of Walgreen Co.'s acquisition of the remaining 55% equity of Alliance Boots, expected in early 2015.
Upon closing of the acquisition, Walgreens Boots Alliance will become the parent company with a direct wholly owned subsidiary Walgreen and an indirect wholly owned subsidiary Alliance Boots GmbH.
Proceeds from the senior unsecured notes will be used to fund a portion of the cash consideration to acquire the remaining equity of Alliance Boots, to refinance substantially all of Alliance Boots existing debt, and to pay related fees and expenses.
The existing Walgreen ratings are unaffected by this announcement.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.