Cencora Prices $500 Million 4.625% Senior Notes Due 2027, $600 Million 4.850% Senior Notes Due 2029 and $700 Million 5.150% Senior Notes Due 2035
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Cencora, Inc. has announced the pricing of $1.8 billion in senior notes, with varying interest rates and maturities, to raise capital.
December 03, 2024 | 4:00 am
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NEUTRAL IMPACT
Cencora, Inc. has priced $1.8 billion in senior notes with interest rates ranging from 4.625% to 5.150% and maturities in 2027, 2029, and 2035. This move is likely aimed at raising capital for corporate purposes.
The issuance of senior notes is a significant financial event for Cencora, indicating a strategic move to raise capital. However, the direct impact on stock price is neutral in the short term as it depends on how the capital will be utilized.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100