McKesson Corp. plans to repurchase up to $1.1 billion of its previously issued debt.
The company launched a cash tender offer for its 7.50% notes due 2019; 4.75% notes due 2021; 7.65% debentures due 2027; 6% notes due 2041; and 4.883% notes due 2044.
The offer is set to expire at 11:59 p.m. ET on March 7, unless extended or terminated earlier by the company.
Goldman Sachs & Co. LLC, BofA Merrill Lynch and J.P. Morgan are acting as dealer managers for the transaction, with HSBC and Wells Fargo Securities acting as co-dealer managers.
