McKesson Medical-Surgical Prices $2.25 Billion Loan Ahead of IPO
Updated
Updated · Bloomberg · Jun 3
McKesson Medical-Surgical Prices $2.25 Billion Loan Ahead of IPO
2 articles · Updated · Bloomberg · Jun 3
Summary
$2.25 billion of six-year leveraged debt for McKesson Medical-Surgical Top Holdings priced Wednesday, marking a key financing step before the unit’s planned IPO.
The loan came at 99.5 cents on the dollar with a margin of 2.25 percentage points above the benchmark, according to a person familiar with the matter.
Pricing tightened Tuesday, nearly a week after launch, indicating stronger-than-initially-marketed demand as the offering moved toward completion.