AmerisourceBergen Sets Price for $400 Million 4.875% Senior Notes Due 2019
ABC | Quote | Chart | News | PowerRating -- AmerisourceBergen Corp. has announced that it priced $400 million aggregate principal amount of its 4.875 percent Senior Notes due November 15, 2019 in an underwritten registered public offering.
The offering is being made pursuant to an effective shelf registration statement AmerisourceBergen filed with the Securities and Exchange Commission (SEC) on September 30, as amended on November 4. The offering is expected to close on November 19, subject to customary closing conditions.
AmerisourceBergen said that it intends to use approximately $221.9 million of the net proceeds from this offering to repay substantially all the amounts outstanding under its multi-currency revolving credit facility. The remainder of the proceeds will be used for general corporate purposes.
The joint book-running managers for the offering are Banc of America Securities and J.P. Morgan Securities Inc.
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