Replies to post #1502 on Walgreens Boots Alliance Inc (WBA)

[Robbay]

Financing for the 2 step.

I read Deutsche Bank is one of the largest lenders, UniCredit and KKR are the others that extended Alliance Boots 5 billion pound loans, before expiry of the Walgreens option to buyout the remaining 55% of AB in 8/2015.(A/B web site)
AB high interest rate maturities were extended by this group and will start in 2016.
I don't think a interest rate adjustment was mentioned either.
The remaining buyout price for the 55% of AB is 9.5 billion in cash or is that pound sterling, and assumption of A/B Debt (5-7 billion).
How much Cash does Wag Have?


So, Its my view Deutsche Bank loses nothing in upgrading Walgreens S/P as reported on the Streets web site.
My understanding also was this meeting was set up by Deutsche Bank and Morgan Stanley with its Institutional & 1% global investors.
And Walgreens being a US public company has not even posted a transcript of these meetings.
Shame-full...

I think the big Deal brewing is finding financing for the second step of the A/B buy-out..
Which would have dove deeper into the financials with these investors than main street investors see.
However, you have been right on your S/P outlook.

As for the searchable Walgreens meeting non-reports I read.. not much was said about Walgreens Executives.. except a Bull..sh outlook... sorry I meant Bullish.

Do you still see more upside or a spilt coming?


GLTA!