Diplomat Pharmacy to fully repay credit facility due to merger

Chicago, Feb. 10 – Diplomat Pharmacy Inc. expects to fully repay its outstanding $608,064,140.52 credit facility debt on Feb. 10, according to an 8-K filing with the Securities and Exchange Commission.

In connection with a merger, the credit agreement entered Dec. 20, 2017 and amended on July 19, 2019 with JPMorgan Chase Bank, NA as administrative agent will be extinguished.

The plan of merger is with UnitedHealth Group Inc. and Denali Merger Sub, Inc., a wholly owned subsidiary of UnitedHealth.

Denali held a tender offer for all outstanding shares of Diplomat at a price of $4.00 per share under the terms of the merger agreement. The offer expired at 12:01 a.m. ET on Feb. 7.

Diplomat is a Flint, Mich.-based provider of specialty pharmacy services. Leehar is a St. Louis-based full-service pharmacy benefit manager.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.