DUBLIN, Ohio, May 22, 2020 /PRNewswire/ -- Cardinal Health
(NYSE: CAH) announced today that it is sending an irrevocable
notice of early redemption to the holders of the Company's
$500 million 4.625% notes due 2020.
The early redemption date is set to June 22,
2020, pursuant to the June 2,
2008 indenture and the notes.
In accordance with the terms and conditions set forth in the
indenture and the notes, the notes will be redeemed at a redemption
price equal to the greater of (i) 100% of the principal amount of
the notes to be redeemed or (ii) the sum of the present values of
the remaining scheduled payments of principal and interest on the
notes to be redeemed (exclusive of interest accrued to the date of
redemption) discounted to the date of redemption on a semiannual
basis (assuming a 360-day year consisting of twelve 30-day months)
at the then current adjusted treasury rate (as defined in the
notes) plus 25 basis points, plus, in either case, accrued but
unpaid interest on the principal amount being redeemed to the
redemption date.
This press release shall not constitute a notice of redemption
of the notes, and shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of any securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction.
About Cardinal Health
Cardinal Health, Inc. is a
global, integrated healthcare services and products company,
providing customized solutions for hospitals, healthcare systems,
pharmacies, ambulatory surgery centers, clinical laboratories and
physician offices worldwide. The company enhances supply chain
efficiency for clinically proven medical products, pharmaceuticals
and cost-effective solutions. To combat prescription drug misuse,
the Cardinal Health Foundation and its education partners created
Generation Rx, a national drug prevention education and
awareness program. The Foundation actively supports an array of
other solutions, including efforts to reduce opioid
prescribing, promote drug take back and safe disposal and
expand collaborative community work.
Cardinal Health is backed by nearly 100 years of experience with
operations in nearly 46 countries. For more information, visit
cardinalhealth.com. Follow us on Twitter, Facebook and
LinkedIn.
Cardinal Health uses its website as a channel of distribution
for material company information. Important information, including
news releases, financial information, earnings and analyst
presentations, and information about upcoming presentations and
events is routinely posted and accessible on the Investor Relations
page at ir.cardinalhealth.com. In addition, the website allows
investors and other interested persons to sign up automatically to
receive email alerts when the company posts news releases, SEC
filings and certain other information on its website.
Cautions Concerning Forward-Looking Statements
This
release contains forward-looking statements addressing
expectations, prospects, estimates and other matters that are
dependent upon future events or developments. These statements may
be identified by words such as "expect," "anticipate," "intend,"
"plan," "believe," "will," "should," "could," "would," "project,"
"continue," "likely," and similar expressions, and include
statements reflecting future results or guidance, statements of
outlook and various accruals and estimates. These matters are
subject to risks and uncertainties that could cause actual results
to differ materially from those projected, anticipated or implied.
These risks and uncertainties include, but are not limited to,
volatility or disruption in the debt capital markets. Cardinal
Health is subject to additional risks and uncertainties described
in Cardinal Health's Form 10-K, Form 10-Q and Form 8-K reports and
exhibits to those reports. This release reflects management's views
as of May 22, 2020. Except to the
extent required by applicable law, Cardinal Health undertakes no
obligation to update or revise any forward-looking statement.
Media:
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Sarah Shew
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Investors:
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Kevin
Moran
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614.553.3401
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614.757.7942
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Sarah.Shew@cardinalhealth.com
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Kevin.Moran@cardinalhealth.com
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SOURCE Cardinal Health