Walgreens bondholders could be winners from its debt-laden buyout

Quick Summary:

Assuming that comes with an average 10 per cent interest rate, the company needs to find $200mn a year.

Essentially, if Walgreens’ credit rating falls to ‘junk’ status, bondholders could force the company to buy back the bonds at par.

Investors and lawyers are poring over documents to see what borrowings Walgreens can leave outstanding, and which must be retired at face value, to be refinanced with more expensive paper.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: MarketsFinanceInvesting

Markets: United States

Topics: Credit Bonds Financial Interest Cent Company’s Walgreens Debt Bondholders Sycamore Equity

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 17:12:42 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 26897286

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions