Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

'JPMorgan Sounds Out Investors On Potential Walgreens Junk Bond; Possible Offering Would Raise Cash For Debt Refinancing; A Bond Sale Would Be Walgreens' First Since Being Cut To Junk' - Bloomberg News

Author: Benzinga Newsdesk | July 25, 2024 12:22pm

https://www.bloomberg.com/news/articles/2024-07-25/jpmorgan-sounds-out-investors-on-potential-walgreens-junk-bond

 

JPMorgan Chase & Co. is sounding out investors on a potential high-yield bond sale by Walgreens Boots Alliance Inc. to address the recently downgraded drug-store chain's near-term debt maturities, according to people familiar with the matter.

Early pricing discussions involve a yield in the 7.5% area, said the people, who asked not to be identified because the information is private. Deal size and tenor have yet to be determined. Walgreens has a note with $1.16 billion outstanding that matures Nov. 18 and trades near par, plus a £300 million ($387 million) bond due in late 2025, according to data compiled by Bloomberg.


 

Posted In: JPM WBA

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist