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").
羅得島州WoonSocket,2024年12月16日——CVS Health Corporation(「CVS Health」,紐約證券交易所代碼:CVS)今天公佈了先前宣佈的現金要約(「最高投標要約」)的初步結果,該系列最高要約的總收購價格,不包括應計利息(定義見下文)的最大本金票據,不超過1,774,423,242.62美元(此類最高收購價格,「最高要約金額」):其優先權爲2.700%2040年到期的票據、其全資子公司安泰公司(「安泰」)發行的2047年到期的3.875%優先票據、2050年到期的4.250%優先票據、安泰發行的2042年到期的4.125%優先票據、2040年到期的4.125%優先票據、2031年到期的1.875%優先票據、到期的5.050%的優先票據 2048,安泰發行的2042年到期的4.500%優先票據及其2030年到期的1.750%的優先票據(合稱 「最高要約票據」)。
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amounts of the Maximum Tender Offer Notes listed in the tables below have been validly tendered and not validly withdrawn.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has passed and, accordingly, Maximum Tender Offer Notes validly tendered in the Maximum Tender Offer may no longer be withdrawn.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").
根據最高投標報價的投標和信息代理機構D.F. King & Co., Inc.所報告,截至紐約時間2024年12月13日下午5點(「提前投標日期」),下表中列出的最高投標要約票據的本金已有效投標,未有效撤回。紐約時間2024年12月13日下午5點的最大要約撤回截止日期已經過去,因此,在最高要約中有效投標的最高投標要約票據可能不再撤回。最高要約是根據2024年12月2日的收購要約(經不時修訂或補充的 「收購要約」)中規定的條款和條件提出的。
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.
CVS Health宣佈,對於已有效投標且在提前投標日當天或之前未有效撤回的最高投標要約票據,CVS Health宣佈選擇在2024年12月18日(「提前結算日期」)接受購買並支付此類最高投標票據的付款,但須遵守收購要約中描述的適用於相關係列的接受優先級別。
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.
由於CVS Health預計將接受最高投標要約票據的最大投標要約金額進行購買,但須按比例分配,因此在提前結算日之後,預計不會根據最高投標要約額外購買最高投標要約票據。如收購要約中所述,已投標但未獲接受購買的最高投標要約票據將立即退還給投標持有人。
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.
CVS Health爲最高要約要約票據支付的總對價(「總對價」)將爲每1,000美元本金的價格,如收購要約中所述,其計算方式旨在產生到期收益率或首次面值看漲日(視情況而定),等於下表中規定的適用美國財政部參考證券的到期收益率總和,該收益率在紐約時間上午10點確定,2024年12月16日,固定利差如下表所示。所有已有效投標且在提前投標日當天或之前未有效提款且獲准購買的最高投標要約票據的持有人將獲得適用的總對價,其中包括在提前投標日或之前投標的最高投標要約票據每1,000美元本金支付30美元的適用的提前投標付款。除了適用的總對價外,接受購買的最高投標要約票據的持有人還將獲得這些最高要約票據的應計和未付利息(「應計利息」),從這些最高投標要約票據的最後利息支付日起至但不包括提前結算日。
Maximum Tender Offer Notes:
最高投標要約票據: