Express Scripts to repay $500 million on term loan via note proceeds

By Sarah Lizee

Olympia, Wash., Nov. 20 – Express Scripts Holding Co. intends to repay about $500 million under its five-year term loan using proceeds from an offering of three tranches of senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

As of Sept. 30, the term loan had an average interest rate of 2.48%.

Proceeds will also be used to fund a portion of the purchase price of the eviCore acquisition and for general corporate purposes, which may include repurchases of common stock.

Express Scripts Holdings is a pharmacy benefit management company based in St. Louis.

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