McKesson plans to price notes offering via five bookrunners

By Devika Patel

Knoxville, Tenn., Feb. 7 – McKesson Corp. plans to sell dollar- and euro-denominated notes, according to a 424B3 filed with the Securities and Exchange Commission.

The dollar notes will feature a make-whole call and then are callable at par.

Goldman Sachs & Co., BofA Merrill Lynch, J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and Wells Fargo Securities LLC are the bookrunners.

The company’s euro-denominated notes will be offered in two parts, including one fixed-rate tranche and a floating-rate tranche, through the same bookrunners.

Proceeds from both issues will be used to finance the tender offers for up to $1.1 billion of the company’s 7.5% notes due 2019, 4.75% notes due 2021, 7.65% debentures due 2027, 6% notes due 2041 and 4.883% notes due 2044 and to fund the redemption of the 7.5% notes, if applicable, and for working capital and general corporate purposes, which may include debt repayment.

McKesson is a San Francisco-based health-care services and information technology company.

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