CVS Corporation Announces Pricing of $1.2 Billion Private Placement of Unsecured 5 & 10-Year Senior Notes.WOONSOCKET, R.I. -- First graph, first sentence of release should read: CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Corporation (NYSE NYSE See: New York Stock Exchange : CVS) announced today that it privately placed $650 million aggregate principal amount of 4.000% unsecured senior notes due 2009 with an original issue price of 99.735% and $550 million aggregate principal amount of 4.875% unsecured senior notes due 2014 with an original issue price of 99.142%. (sted CVS Corporation (NYSE: CVS) announced today that it privately placed $650 million aggregate principal amount of 4.000% unsecured senior notes due 2009 with an original issue price of 99.735% and $650 million aggregate principal amount of 4.875% unsecured senior notes due 2014 with an original issue price of 99.142%.). The corrected release reads: CVS CORPORATION ANNOUNCES PRICING OF $1.2 BILLION PRIVATE PLACEMENT OF UNSECURED 5 & 10-YEAR SENIOR NOTES CVS Corporation (NYSE: CVS) announced today that it privately placed $650 million aggregate principal amount of 4.000% unsecured senior notes due 2009 with an original issue price of 99.735% and $550 million aggregate principal amount of 4.875% unsecured senior notes due 2014 with an original issue price of 99.142%. The notes will be general unsecured obligations of CVS Corporation and will rank equally in right of payment with all other unsecured and unsubordinated debt Unsubordinated Debt A loan or security that ranks above other loans or securities with regard to claims on assets or earnings. Also known as a senior security. Notes: of the Company. The offering is expected to close on or about September 14, 2004. The Company intends to use the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering to repay commercial paper issued to finance the acquisition of approximately 1,260 Eckerd drugstores, as well as Eckerd Health Services health services Managed care The benefits covered under a health contract , which includes Eckerd's pharmacy benefits management and mail order businesses, from J.C. Penney Company Inc. This announcement is neither an offer to sell nor a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy any of these securities. The notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. absent registration or an applicable exemption from registration requirements of the Securities Act. |
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