CVS Health Corporation Announces Early Results of Maximum Tender Offer and Election of Early Settlement
CVS Health Corporation Announces Early Results of Maximum Tender Offer and Election of Early Settlement
WOONSOCKET, R.I., December 16, 2024 — CVS Health Corporation ("CVS Health", NYSE: CVS) announced today the early results of the previously announced cash tender offer (the "Maximum Tender Offer") for the maximum principal amount of the following series of Maximum Tender Offer Notes (as defined below) for which the aggregate purchase price, not including Accrued Interest (as defined below), payable in respect of such Maximum Tender Offer Notes, does not exceed $1,774,423,242.62 (such maximum purchase price, the "Maximum Tender Offer Amount"): its 2.700% Senior Notes due 2040, the 3.875% Senior Notes due 2047 issued by its wholly-owned subsidiary Aetna Inc. ("Aetna"), its 4.250% Senior Notes due 2050, the 4.125% Senior Notes due 2042 issued by Aetna, its 4.125% Senior Notes due 2040, its 2.125% Senior Notes due 2031, its 1.875% Senior Notes due 2031, its 5.050% Senior Notes due 2048, the 4.500% Senior Notes due 2042 issued by Aetna and its 1.750% Senior Notes due 2030 (together, the "Maximum Tender Offer Notes").
伍恩索克特,罗德岛州,2024年12月16日 — 西维斯健康公司("西维斯健康",纽交所:CVS)今天宣布了之前宣布的现金要约("最高要约")的初步结果,针对以下系列的最高要约票据(如下定义)进行的最大本金金额,这些票据的总购买价格(不包括应计利息(如下定义))不超过1,774,423,242.62美元(该最大购买价格,"最高要约金额"):其2.700%于2040年到期的高级票据,3.875%于2047年到期的高级票据,其全资子公司Aetna Inc.("Aetna")发行的票据,4.250%于2050年到期的高级票据,Aetna发行的4.125%于2042年到期的高级票据,4.125%于2040年到期的高级票据,2.125%于2031年到期的高级票据,1.875%于2031年到期的高级票据,5.050%于2048年到期的高级票据,Aetna发行的4.500%于2042年到期的高级票据及其1.750%于2030年到期的高级票据(统称为"最高要约票据")。
As of 5:00 p.m., New York City time, on December 13, 2024 (the "Early Tender Date"), as reported by D.F. King & Co., Inc., the Tender and Information Agent for the Maximum Tender Offer, the principal amounts of the Maximum Tender Offer Notes listed in the tables below have been validly tendered and not validly withdrawn. The Maximum Tender Offer Withdrawal Deadline of 5:00 p.m., New York City time, on December 13, 2024 has passed and, accordingly, Maximum Tender Offer Notes validly tendered in the Maximum Tender Offer may no longer be withdrawn. The Maximum Tender Offer was made pursuant to the terms and conditions set forth in the Offer to Purchase dated December 2, 2024 (as amended or supplemented from time to time, the "Offer to Purchase").
截至2024年12月13日下午5:00(纽约市时间)("提前提交日期"),根据D.F. King & Co., Inc.的报告,作为最高要约的招标和信息代理,以下表格中列出的最高要约票据的本金金额已被有效提交且未被有效撤回。最高要约撤回截止日期为2024年12月13日下午5:00(纽约市时间),现已过期,因此在最高要约中有效提交的最高要约票据不再可以撤回。最高要约是根据2024年12月2日的购买要约的条款和条件进行的(不时经修订或补充,"购买要约")。
CVS Health announced its election, with respect to the Maximum Tender Offer Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date, to accept for purchase and make payment for such Maximum Tender Offer Notes on December 18, 2024 (the "Early Settlement Date"), subject to the acceptance priority levels applicable to the relevant series as described in the Offer to Purchase.
西维斯健康公司宣布,其已选择就截至或在提前提交日期之前有效提交且未撤回的最高要约票据,接受购买并于2024年12月18日("提前结算日期")进行支付,前提是符合购买要约中描述的相关系列的接受优先级。
Because CVS Health expects to accept for purchase, subject to proration, the Maximum Tender Offer Amount of the Maximum Tender Offer Notes, no additional Maximum Tender Offer Notes are expected to be purchased pursuant to the Maximum Tender Offer after the Early Settlement Date. As described in the Offer to Purchase, Maximum Tender Offer Notes tendered and not accepted for purchase will be promptly returned to the tendering Holders.
因为西维斯健康预计将接受根据比例分配的最大投标金额的最大投标票据购买,因此在提前结算日期之后预计不会购买额外的最大投标票据。如购买要约中所述,已提交但未被接受购买的最大投标票据将及时退还给提交的持有者。
The total consideration (the "Total Consideration") payable by CVS Health for the Maximum Tender Offer Notes will be a price per $1,000 principal amount calculated as described in the Offer to Purchase in a manner intended to result in a yield to maturity or first par call date, as the case may be, equal to the sum of the yield to maturity of the applicable U.S. Treasury reference security specified in the table below as determined at 10:00 a.m., New York City time, on December 16, 2024 and the fixed spread shown in the table below. Holders of all Maximum Tender Offer Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Date and that are accepted for purchase will receive the applicable Total Consideration, which includes the applicable Early Tender Payment of $30 per $1,000 principal amount of Maximum Tender Offer Notes tendered at or prior to the Early Tender Date. In addition to the applicable Total Consideration, Holders of Maximum Tender Offer Notes accepted for purchase will receive accrued and unpaid interest ("Accrued Interest") on those Maximum Tender Offer Notes from the last interest payment date with respect to those Maximum Tender Offer Notes to, but not including, the Early Settlement Date.
西维斯健康为最大投标票据支付的总对价(以下简称"总对价")将是按照购买要约中描述的方法计算出的每$1,000本金金额的价格,旨在使收益率等于到期收益率或首次平价回售日期的总和,具体取决于情况,对应以下表格中在2024年12月16日纽约市时间上午10:00时确定的适用美国国债参考证券的到期收益率和表中显示的固定差价。所有在提前投标日期或之前有效投标且未有效撤回的最大投标票据的持有者将会收到适用的总对价,其中包括在提前投标日期或之前所提交的每$1,000本金金额的最大投标票据的$30的适用提前投标支付金额。除了适用的总对价之外,被接受购买的最大投标票据的持有者还将收到从最后一次利息支付日期到(但不包括)提前结算日期的累积未支付利息("累积利息")。
Maximum Tender Offer Notes:
最大投标票据: