By Andrea Heisinger
New York, Nov. 16 - AmerisourceBergen Corp. sold $400 million of 4.875% 10-year senior unsecured notes on Monday to yield Treasuries plus 162.5 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa3/BBB+/BBB) priced at 99.174 to yield 4.981%.
The notes have a make-whole call at Treasuries plus 25 bps and feature a change-of-control put of 101%.
Bank of America Merrill Lynch and J.P. Morgan Securities Inc. ran the books.
Co-managers were Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Mitsubishi UFJ Securities, Mizuho Securities USA Inc., PNC Capital Markets, Scotia Capital and Wells Fargo Securities.
The deal is guaranteed by the company's subsidiaries.
Proceeds will go to repay amounts under a multi-currency revolver and for general corporate purposes.
The pharmaceutical company is based in Chesterbrook, Pa.
| Issuer: | AmerisourceBergen Corp.
|
| Guarantors: | AmerisourceBergen Corp. subsidiaries
|
| Issue: | Senior unsecured notes
|
| Amount: | $400 million
|
| Maturity: | Nov. 15, 2019
|
| Bookrunners: | Bank of America Merrill Lynch, J.P. Morgan Securities Inc.
|
| Co-managers: | Barclays Capital Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co., Mitsubishi UFJ Securities, Mizuho Securities USA Inc., PNC Capital Markets, Scotia Capital, Wells Fargo Securities
|
| Coupon: | 4.875%
|
| Price: | 99.174
|
| Yield: | 4.981%
|
| Spread: | Treasuries plus 162.5 bps
|
| Call: | Make-whole at Treasuries plus 25 bps
|
| Change-of-control put: | 101%
|
| Trade date: | Nov. 16
|
| Settlement date: | Nov. 19
|
| Ratings: | Moody's: Baa3
|
| Standard & Poor's: BBB+
|
| Fitch: BBB
|
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