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Published on 8/3/2023 in the Prospect News Bank Loan Daily.

Walgreens Boots to pay down debt with $1.6 billion stock sale proceeds

By Wendy Van Sickle

Columbus, Ohio, Aug. 3 – Walgreens Boots Alliance, Inc. sold $1.6 billion of AmerisourceBergen Corp. stock and plans to use the proceeds primarily for debt paydown, according to a company news release.

Proceeds will also be used for general corporate purposes.

Walgreens Boots Alliance is an integrated healthcare, pharmacy and retail company based in Deerfield, Ill.


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