VALLEY FORGE, Pa.--(BUSINESS WIRE)--Nov. 13,
2002--AmerisourceBergen Corporation (NYSE:ABC) today announced that
it has agreed to sell $300 million Senior Notes due 2012.
The notes will have an annual interest rate of 7.25 percent,
payable semi-annually. The notes will be issued in a private placement
and are expected to be resold by the initial purchasers to qualified
institutional buyers under Rule 144A of the Securities Act of 1933.
The proceeds from the sale of the notes initially will be used to
repay amounts borrowed under the Company's revolving credit facility,
which is part of its senior credit facility.
Subsequently in fiscal 2003, AmerisourceBergen intends to repay
$150 million in aggregate principal amount of Bergen 7 3/8 percent
senior notes due in January 2003, and to repay $15 million of term
loans under its senior credit facility. The Company also intends to
redeem approximately $124 million in aggregate principal amount of
PharMerica 8 3/8 percent senior subordinated notes due 2008.
The notes to be offered have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy such notes in any jurisdiction in
which such an offer or sale would be unlawful and is issued pursuant
to Rule 135-c under the Securities Act of 1933.
About AmerisourceBergen
AmerisourceBergen (NYSE:ABC) is the largest pharmaceutical
services company in the United States dedicated solely to the
pharmaceutical supply chain. It is the leading distributor of
pharmaceutical products and services to the hospital systems/acute
care market, alternate care and mail order facilities, independent
community pharmacies, and regional chain pharmacies.
The Company is also a leader in the institutional pharmacy
marketplace. With over $40 billion in annualized operating revenue,
AmerisourceBergen is headquartered in Valley Forge, PA, and employs
more than 13,000 people serving over 25,000 customers. For more
information go to www.amerisourcebergen.com.
Forward Looking Statements
This press release may contain certain "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. These
statements are based on management's current expectations and are
subject to uncertainty and changes in circumstances. Actual results
may vary materially from the expectations contained in the
forward-looking statements. Forward-looking statements may include
statements addressing future financial and operating results of
AmerisourceBergen and the benefits and aspects of the 2001 merger
between AmeriSource Health Corporation and Bergen Brunswig
Corporation.
The following factors, among others, could cause actual results to
differ materially from those described in the forward-looking
statements: the risk that the businesses of AmeriSource and Bergen
Brunswig will not be integrated successfully; failure to obtain and
retain expected synergies; and other economic, business, competitive
and/or regulatory factors affecting the business of AmerisourceBergen
generally.
More detailed information about these factors is set forth in
AmerisourceBergen's filings with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for fiscal 2001,
its Quarterly Reports on Form 10-Q for fiscal 2002, and the joint
proxy statement-prospectus for the merger filed on August 1, 2001.
AmerisourceBergen is under no obligation to (and expressly
disclaims any such obligation to) update or alter any forward-looking
statements whether as a result of new information, future events or
otherwise.
--30--CRB/ph*
CONTACT: |
AmerisourceBergen Corporation, Valley Forge |
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Michael N. Kilpatric, 610/727-7118 |
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[email protected] |
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