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CVS calls 2.75%, 4.75% notes due 2022, Omnicare 4.75% notes due 2022
By Marisa Wong
Los Angeles, Aug. 2 – CVS Health Corp. will redeem for cash all of its $1.25 billion outstanding 2.75% senior notes due Dec. 1, 2022 and its $387,285,000 outstanding 4.75% senior notes due Dec. 1, 2022, according to an 8-K filing with the Securities and Exchange Commission.
The company also announced that wholly owned subsidiary Omnicare, LLC, formerly known as Omnicare, Inc., will redeem for cash all of its $12,134,000 outstanding 4.75% senior notes due Dec. 1, 2022.
The redemptions will occur on or about Sept. 1.
The notes will be redeemed at par plus accrued interest to but excluding the redemption date.
Notices of redemption for the CVS notes will be sent by Bank of New York Mellon Trust Co., NA as trustee. Notices of redemption for the Omnicare notes will be sent by U.S. Bank Trust Co., NA as trustee.
The company expects to fund the redemptions using available cash.
CVS is a Woonsocket, R.I.-based retail pharmacy operator and pharmacy benefits manager.
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