Cardinal Health announces redemption of outstanding notes
Cardinal Health (CAH) announced an irrevocable early redemption of its outstanding 2.616% notes due June 2022, totaling $572,171,000. The redemption date is set for September 15, 2021. This measure aligns with the terms outlined in the June 2, 2008 indenture, allowing the redemption at greater of 100% principal or the present value of remaining scheduled payments. The company emphasizes this does not constitute a sale or solicitation of securities. Cardinal Health is a leading distributor of pharmaceuticals and medical products.
- Executing early redemption of $572,171,000 notes indicates financial prudence.
- Redemption could potentially improve capital structure and reduce interest expenses.
- None.
DUBLIN, Ohio, Aug. 13, 2021 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that it is sending an irrevocable notice of early redemption to the holders of all of the Company's
With respect to the
This press release shall not constitute a notice of redemption of the
About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With 50 years in business, operations in more than 40 countries and approximately 48,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com.
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 August 13, 2021. Except to the extent required by applicable law, Cardinal Health undertakes no obligation to update or revise any forward-looking statement.
Media Contact:
Andrew Stern
614-339-4678
andrew.stern@cardinalhealth.com
Investor Contact:
Kevin Moran
614-757-7942
kevin.moran@cardinalhealth.com
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SOURCE Cardinal Health
FAQ
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