US EditionWalgreens $5B+ Debt Tender Offer Signals Final Step in Mega-Merger Deal
NEW YORK CITY, USA, JUL 22 – Blazing Star offers noteholders up to $5 billion plus a $50 early tender premium to refinance Walgreens Boots Alliance debt amid its pending acquisition, restructuring multiple note series.
- On July 22, 2025, Blazing Star Merger Sub, Inc. said it launched a $5 billion+ tender offer for Walgreens notes, covering nine series.
- In connection with the March 6, 2025 Merger Agreement, the merger condition requires the closing of the acquisition by Blazing Star Parent, LLC before the tender offer can proceed, ensuring all steps align with the agreement terms.
- Under the early deadline, noteholders tendering by August 4, 2025, receive a $50 early payment per $1,000, while Total Consideration is based on reference security yields plus fixed spreads as of August 5, 2025.
- Upon acceptance, the merger closing condition and merger financing will fund the tender offer, and tendered notes will be cancelled.
- Remaining untendered notes may be redeemed, defeased, or left outstanding after the merger, while Proposed Amendments could modify covenants if consents are received.
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Blazing Star Merger Sub, Inc. announces Tender Offer and Consent Solicitation for any and all Walgreens Boots Alliance, Inc.'s 3.600% senior notes due 2025, 2.125% senior notes due 2026, 3.450% notes due 2026, 8.125% notes due 2029, 3.200% Notes due 2030,
NEW YORK, July 22, 2025 /PRNewswire/ -- Blazing Star Merger Sub, Inc. (the "Offeror" announced today the commencement of cash tender offers (each, an "Offer" and, collectively, the "Tender Offer") for any and all of Walgreens Boots Alliance, Inc.'s (NASDAQ:…
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