DUBLIN, Ohio, May 14, 2021 /PRNewswire/ -- Cardinal Health
(NYSE: CAH) announced today that it is sending an irrevocable
notice of early redemption to the holders of all of the Company's
3.200% notes due June 2022 that are
outstanding as of the early redemption date (aggregate principal
amount of $237,558,000) and
$262,442,000 in aggregate principal
amount of the Company's 2.616% notes due June 2022. The early redemption date is set to
June 15, 2021, pursuant to the
June 2, 2008 indenture and the
notes.
With respect to the 3.200% notes, in accordance with the terms
and conditions set forth in the indenture and the notes, the 3.200%
notes will be redeemed at a redemption price equal to the greater
of (i) 100% of the principal amount or (ii) the sum of the present
values of the remaining scheduled payments of principal and
interest on the notes to be redeemed (exclusive of interest accrued
to the date of redemption) discounted to the date of redemption on
a semiannual basis (assuming a 360-day year consisting of twelve
30-day months) at the then current adjusted treasury rate (as
defined in the notes) plus 25 basis points, plus, in either case,
accrued but unpaid interest on the principal amount being redeemed
to the redemption date.
With respect to the 2.616% notes, in accordance with the terms
and conditions set forth in the indenture and the notes, the 2.616%
notes will be redeemed at a redemption price equal to the greater
of (i) 100% of the principal amount of the notes to be redeemed or
(ii) the sum of the present values of the remaining scheduled
payments of principal and interest on the notes to be redeemed that
would be due if the notes of such series matured on May 15, 2022 (exclusive of interest accrued to
the date of redemption) discounted to the date of redemption on a
semiannual basis (assuming a 360-day year consisting of twelve
30-day months) at the then current adjusted treasury rate (as
defined in the notes) plus 15 basis points, plus, in either case,
accrued but unpaid interest on the principal amount being redeemed
to the redemption date.
This press release shall not constitute a notice of redemption
of the notes, and shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of any securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
About Cardinal Health
Cardinal Health is a
distributor of pharmaceuticals, a global manufacturer and
distributor of medical and laboratory products, and a provider of
performance and data solutions for health care facilities. With 50
years in business, operations in more than 40 countries and
approximately 48,000 employees globally, Cardinal Health is
essential to care. Information about Cardinal Health is available
at cardinalhealth.com.
Cardinal Health uses its website as a channel of distribution
for material company information. Important information, including
news releases, financial information, earnings and analyst
presentations, and information about upcoming presentations and
events is routinely posted and accessible on the Investor Relations
page at ir.cardinalhealth.com. In addition, the website allows
investors and other interested persons to sign up automatically to
receive email alerts when the company posts news releases, SEC
filings and certain other information on its website.
Cautions concerning forward-looking statements
This
release contains forward-looking statements addressing
expectations, prospects, estimates and other matters that are
dependent upon future events or developments. These statements may
be identified by words such as "expect," "anticipate," "intend,"
"plan," "believe," "will," "should," "could," "would," "project,"
"continue," "likely," and similar expressions, and include
statements reflecting future results or guidance, statements of
outlook and various accruals and estimates. These matters are
subject to risks and uncertainties that could cause actual results
to differ materially from those projected, anticipated or implied.
These risks and uncertainties include, but are not limited to,
volatility or disruption in the debt capital markets. Cardinal
Health is subject to additional risks and uncertainties described
in Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports and
exhibits to those reports. This release reflects management's views
as of May 14, 2021. Except to the
extent required by applicable law, Cardinal Health undertakes no
obligation to update or revise any forward-looking statement.
Media: Sarah
Shew 614.553.3401 Sarah.Shew@cardinalhealth.com
|
Investors: Kevin
Moran 614.757.7942 Kevin.Moran@cardinalhealth.com
|
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SOURCE Cardinal Health