Entry Into a Material Definitive Agreement
Amendment to Credit Agreement
On August 9, 2019 (the
Effective Date), Walgreens Boots Alliance, Inc. (the Company) entered into Amendment No. 1 to Term Loan Credit Agreement (the Amendment) which amends that certain Term Loan Credit Agreement (the
Existing Credit Agreement), dated December 5, 2018, governing a $1,000,000,000 senior unsecured term loan facility (as amended, the Amended Credit Agreement), with Wells Fargo Bank, National Association, as
administrative agent and sole lender as of the Effective Date.
Other than as described below, the terms and conditions of the Amended Credit Agreement,
including the aggregate principal amount of the loans thereunder, the applicable margin and the maturity date remain substantially similar to the Existing Credit Agreement.
Pursuant to the Amendment, the Existing Credit Agreement was amended to permit the Company to borrow, repay and reborrow amounts borrowed thereunder prior to
the maturity date. The ability of the Company to request each loan under the Amended Credit Agreement from time to time after the Effective Date is subject to the satisfaction (or waiver) of certain customary conditions set forth therein. In
addition, the Amended Credit Agreement provides that the Company will pay the lenders under the Amended Credit Agreement an unused commitment fee and a minimum average percentage utilization fee based on average utilization of the commitments under
the Amended Credit Agreement.
The foregoing description of the Amended Credit Agreement does not purport to be complete and is qualified in its entirety
by reference to the full text of the Amended Credit Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The Existing Credit Agreement is described in further detail in Item 1.01 of the Companys Current
on Form 8-K filed
on December 6, 2018 and was filed as Exhibit 10.2 thereto.
lenders under the Amended Credit Agreement and/or their affiliates have in the past performed, and may in the future from time to time perform, investment banking, financial advisory, lending and/or commercial banking services, or other services for
the Company and its subsidiaries, for which they have received, and may in the future receive, customary compensation and expense reimbursement.