Cencora Inc. has announced a significant debt transaction, entering into an Underwriting Agreement with BNP PARIBAS, Citigroup Global Markets Limited, J.P. Morgan Securities plc, and Société Générale. The agreement involves the issuance and sale of €1 billion in senior notes, comprising €500 million of 2.875% Senior Notes due 2028 and €500 million of 3.625% Senior Notes due 2032. The company expects to receive net proceeds of approximately €994 million from the sale, after deducting underwriting discounts and offering expenses. The funds will be used for general corporate purposes, with potential interim investments in high-quality, short-term debt securities. The transaction is expected to close on May 22, 2025.
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