CVS Health starts tender offer for up to $6B of notes
Aug. 12, 2020 9:23 AM ET
About: CVS Health Corporation (CVS)
By: Shweta Agarwal, SA News Editor
• CVS Health (NYSE:CVS) offers to buy up to a total of $6B of its outstanding senior notes due 2023 and notes due 2025.
• Holders of the tendered offer will receive the total consideration plus early tender payment of $30 per $1,000 principal amount of notes; total consideration not yet determined.
• The tender offers will expire at 11:59 PM on Sept. 9, 2020.
• Stock up 0.94% PM.
• "The big key is even without any growth, CVS is more than able to handle the debt and push it down dramatically," writes 1to2 Investing on SA.
• Previously: CVS Health +4% on Q2 beat; guidance raise tops estimate (Aug. 5)
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