Deals 08/08/2019

Loop Capital Markets participates as a co‐manager on $3.5 billion senior unsecured bond offering of CVS Health Corp.

On August 8th, 2019, Loop Capital Markets participated as a co‐manager on a three‐tranche, $3.5 billion, senior unsecured bond offering of CVS Health. The notes are rated Baa2/BBB‐ across 5, 7, and 10‐year tenors.

CVS Health intends to use the net proceeds of the offering to fund the purchase of tender offer notes (select 2020 and 2021 notes issued by CVS, Coventry Health Care and Aetna) and related premiums, fees and expenses. Remaining proceeds will be used for general corporate purposes.