HERE ARE THE FACTS OF THE WALGREENS B/O
They are keeping the services segment. They are only selling the pharmacy segement. Walgreens is paying $2 million for the pharmacy segment. The pharmacy segment owes $5 million but the creditors are accepting the $2 million as satisfaction for the entire debt.
That $2 million is it. That's all the money they are getting. They are not paying off the debt for the services segment. The services segment owes $30 million in April. The Walgreens buyout has nothing to do with that debt. A strong revenue stream from the services segment should, hopefully, allow them to refinance that $30 million. Then on to happier days.
