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Express Scripts Gets $14B Loan For Medco
Express Scripts has secured a bridge loan worth $14 billion.
Express Scripts has secured a bridge loan worth $14 billion, Reuters reports. The 364-days credit facility will help the company finance its $29.1 billion acquisition of Medco Health Solutions.
Credit Suisse and Citigroup are the arrangers of the new credit line. The $14 billion bridge loan will be replaced by permanent bond and loan financing worth $5.5 billion, which will be syndicated in August.
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