JOURNAL ARTICLE

Cardinal Health Starts High-Grade Bond Sale to Fund Solaris Deal.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Mutua, Caleb 3 of 3

Abstract

The article focuses on Cardinal Health Inc.'s plan to issue bonds in the US investment-grade primary market to finance its $1.9 billion acquisition of Solaris Health. The company is marketing five-year and 10-year senior unsecured bonds, with the 10-year bonds potentially yielding 1.25 percentage points above Treasuries. Solaris Health, which has over 750 providers across 14 states, represents Cardinal Health's expansion in the urology sector. The bonds are expected to receive ratings of Baa2 from Moody's and BBB from S&P Global Ratings and Fitch Ratings, and they will include a provision for mandatory redemption if the acquisition does not proceed. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Consumer Health
  • Publication Date:2025
  • Accession Number:187316368
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