NEW YORK, Aug. 5, 2025 /PRNewswire/ -- Blazing Star Merger Sub, Inc. (the "Offeror" announced today the pricing for the previously announced cash tender offers (each, an "Offer" and, collectively, the "Tender Offer") for any and all of Walgreens Boots Alliance, Inc.'s (NASDAQ: WBA) ("WBA") outstanding (1) 3.600% senior notes due 2025 (the "2025 Notes"), (2) 2.125% senior notes due 2026 (the "2.125% 2026 Notes"), (3) 3.450% notes due 2026 (the "3.450% 2026 Notes"), (4) 8.125% notes due 2029 (the "2029 Notes"), (5) 3.200% notes due 2030 (the "2030 Notes"), (6) 4.500% senior notes due 2034 (the "2034 Notes"), (7) 4.800% senior notes due 2044 (the "2044 Notes"), (8) 4.650% notes due 2046 (the "2046 Notes") and (9) 4.100% notes due 2050 (the "2050 Notes"), and any and all of Walgreen Co.'s (collectively with WBA, the "Company") 4.400% notes due 2042 (the "2042 Notes" and, together with the 2025 Notes, the 2.125% 2026 Notes, 3.450% 2026 Notes, the 2029 Notes, the 2030 Notes, the 2034 Notes, the 2044 Notes, the 2046 Notes, and the 2050 Notes, the "Notes"), and related solicitation of consents (the "Consent Solicitation").
The Tender Offer and Consent Solicitation are being made in connection with, and are expressly conditioned upon the substantially concurrent closing of the acquisition of WBA pursuant to the agreement and plan of merger, dated March 6, 2025 (as amended, supplemented, waived or otherwise modified from time to time, the "Merger Agreement"), by and among WBA, Blazing Star Parent, LLC (the "Parent"), the Offeror and the other affiliates of the Parent named therein, which provides that the Offeror will merge with and into WBA (the "Merger"), with WBA surviving the Merger as a wholly-owned subsidiary of Parent.
The terms and conditions of the Tender Offer and Consent Solicitation are described in the Offer to Purchase and Consent Solicitation Statement relating to the Notes dated as of July 22, 2025 (as amended or supplemented from time to time, the "Offer to Purchase and Consent Solicitation Statement").
The table below outlines the principal amount of the Notes validly tendered and not validly withdrawn as of the early tender deadline of 5:00 p.m., New York City time, on August 4, 2025 (the "Early Tender Deadline"), according to information provided by Global Bondholder Services Corporation, the depositary and information agent (the "Depositary and Information Agent") for the Tender Offer and Consent Solicitation and pricing information for the Tender Offer and Consent Solicitation. As previously announced, requisite consents with respect to each series of Notes have been received in the Consent Solicitation. The supplemental indentures reflecting the amendments for which consents are solicited in the Consent Solicitation (the "Proposed Amendments") have been executed and the Proposed Amendments relating to a series of Notes will become operative upon the Offeror's acceptance for purchase of not less than a majority in aggregate principal amount of the outstanding Notes of such series and payment therefor, pursuant to the Offer to Purchase and Consent Solicitation Statement.
The Withdrawal Deadline of 5:00 p.m., New York City time, on August 4, 2025 (the "Withdrawal Deadline"), has expired and any Notes tendered after the Withdrawal Deadline may not be withdrawn. Any Notes tendered prior to the Early Tender Deadline are eligible to receive the Total Consideration (as defined in the Offer to Purchase and Consent Solicitation Statement). Any Notes tendered after the Early Tender Deadline, but at or prior to the Expiration Time, will be eligible to receive the Tender Offer Consideration (as defined in the Offer to Purchase and Consent Solicitation Statement).
Aggregate
Outstanding Principal Fixed
Title of Principal Amount Reference Reference Spread
Notes Amount Tendered Security Yield (bps) Early Tender Total
________ CUSIP/ISIN(1)________________ _______________ _____________ ________ ____________ __________ Payment(2)___________________ Consideration(3)___________________
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
3.500% UKT
due
3.600% Notes ISIN: GBPGBP300,000,00 GBPGBP265,191,00 October
due 2025 XS1138359663 0 0 22, 2025 4.182 % +20 GBP50.00 GBP997.73
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
0.000% DBR
2.125% Notes ISIN: EUREUR750,000,00 EUREUR689,680,00 due August
due 2026 XS1138360166 0 0 15, 2026 1.860 % +20 EUR50.00 EUR1,000.76
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
CUSIP:
931427AQ1 0.750% due
3.450% Notes US$1,447,286,00 US$1,134,041,00 May 31,
due 2026 ISIN: US931427AQ19 0 0 2026 4.053 % +25 $50.00 $993.45
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
CUSIP:
931427AW8
4.375% due
8.125% Notes ISIN: August 15,
due 2029 US931427AW86 US$750,000,000 US$716,890,000 2026 3.946 % +50 $50.00 $1,074.10
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
CUSIP:
931427AS7
3.875% UST
3.200% Notes ISIN: due June
due 2030 US931427AS74 US$500,000,000 US$416,949,000 30, 2030 3.776 % +0 $50.00 $975.59
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
CUSIP:
931427AB4
4.250% UST
4.500% Notes ISIN: due May
due 2034 US931427AB40 US$303,296,000 US$271,340,000 15, 2035 4.224 % +20 $50.00 $1,005.40
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
4.400% Notes
due 2042 CUSIP: 931422AK5 5.000% UST
(Walgreen due May
Co.) ISIN: US931422AK51 US$239,422,000 US$209,751,000 15, 2045 4.782 % +20 $50.00 $933.57
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
CUSIP:
931427AC2 5.000% UST
4.800% Notes due May
due 2044 ISIN: US931427AC23 US$659,683,000 US$623,140,000 15, 2045 4.782 % +0 $50.00 $1,002.14
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
CUSIP:
931427AR9 5.000% UST
4.650% Notes due May
due 2046 ISIN: US931427AR91 US$298,616,000 US$291,077,000 15, 2045 4.782 % +0 $50.00 $982.67
------------- ------------------------------ ----------------- ----------------- ----------- ------------ ---------- ----------------------------- -----------------------------------
CUSIP:
(MORE TO FOLLOW) Dow Jones Newswires
August 05, 2025 15:31 ET (19:31 GMT)
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