Cencora plans to sell fixed-rate senior notes via four bookrunners

By Marisa Wong

Los Angeles, Feb. 5 – Cencora, Inc. is offering dollar-denominated fixed-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will feature an optional make-whole call followed by an optional par call.

The notes will also be putable at 101 if a change-of-control triggering event occurs.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the joint bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Morgan, Lewis & Bockius LLP will act as counsel for the issuer. Cravath, Swaine & Moore LLP will act as counsel for the underwriters.

The company plans to use proceeds of the offering to redeem all of its 3.4% senior notes due May 15, 2024, with any remaining net proceeds to be used for general corporate purposes.

Formerly AmerisourceBergen Corp., Cencora is a drug wholesale company based in Conshohocken, Pa.

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