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CVS Health enters term loan agreement following Aetna deal

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CVS Health enters term loan agreement following Aetna deal

CVS Health Corp. on Dec. 15 said it entered a term loan agreement for an aggregate principal amount of $5 billion as part of the refinancing of bridging loans in connection with its proposed merger with Aetna Inc., according to an SEC filing.

The term loan agreement has a three-year tranche of $3 billion and five-year tranche of $2 billion.

The borrowings will be unsecured. The three-year tranche does not amortize, but the five-year tranche does.