As filed with the Securities and Exchange Commission on June 2, 2014
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
EXPRESS SCRIPTS HOLDING COMPANY
*And the Subsidiary Guarantors listed below
(Exact Name of Registrant as Specified in Its Charter)
Delaware | 45-2884094 | |
(State or Other Jurisdiction of Incorporation or Organization) |
(I.R.S. Employer Identification No.) |
One Express Way
St. Louis, Missouri 63121
(314) 996-0900
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrants Principal Executive Offices)
Keith J. Ebling, Esq.
Executive Vice President and General Counsel
Express Scripts Holding Company
One Express Way
St. Louis, Missouri 63121
(314) 996-0900
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)
With a copy to:
Stacy J. Kanter, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, NY 10036
Telephone: (212) 735-3000
Facsimile: (212) 735-2000
Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement as determined by the Registrants
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ¨
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. x
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. x
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of large accelerated filer, accelerated filer and smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer | x | Accelerated filer | ¨ | |||
Non-accelerated filer | ¨ (Do not check if a smaller reporting company) | Smaller reporting company | ¨ |
CALCULATION OF REGISTRATION FEE
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Title of Each Class of Securities to be Registered(1) |
Amount to be |
Proposed Maximum Offering Price per Unit(2)(3) |
Proposed Maximum Offering Price(2)(3) |
Amount of Registration Fee(4) | ||||
Common Stock, Preferred Stock, Debt Securities, Guarantees of Debt Securities (5), Warrants, Subscription Rights, Purchase Contracts, Purchase Units |
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(1) | Securities registered hereunder may be sold separately, together or as units with other securities registered hereunder. |
(2) | Not applicable pursuant to Form S-3 General Instruction II.E. |
(3) | We are registering an indeterminate number of shares of Common Stock or Preferred Stock and amount of Debt Securities as may be issued upon conversion, exchange or exercise, as applicable, of any Preferred Stock, Debt Securities, Warrants or Subscription Rights or settlement of any Purchase Contracts or Purchase Units, including such shares of Common Stock or Preferred Stock as may be issued pursuant to anti-dilution adjustments determined at the time of offering. |
(4) | In accordance with Rules 456(b) and 457(r) under the Securities Act, the registrant is deferring payment of the entire registration fee. |
(5) | No separate consideration will be received for the guarantees. |
*TABLE OF SUBSIDIARY GUARANTOR REGISTRANTS
Name of Guarantor Registrant |
State or Other Jurisdiction of Incorporation or Formation |
Primary Standard Industrial Classification Code Number |
I.R.S. Employer Identification Number |
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1. | ACCREDO CARE NETWORK, INC. | Delaware | 5912 | 26-3591774 | ||||||||
2. | ACCREDO HEALTH GROUP, INC. | Delaware | 5912 | 11-3358535 | ||||||||
3. | ACCREDO HEALTH, INCORPORATED | Delaware | 8090 | 55-0894449 | ||||||||
4. | AHG OF NEW YORK, INC. | New York | 5912 | 13-3888838 | ||||||||
5. | AIRPORT HOLDINGS, LLC | New Jersey | 6324 | 75-3040465 | ||||||||
6. | BIO PARTNERS IN CARE, INC. | Missouri | 5912 | 43-1815573 | ||||||||
7. | BYFIELD DRUG, INC. | Massachusetts | 5912 | 01-0705518 | ||||||||
8. | CARE CONTINUUM, INC. | Kentucky | 5912 | 61-1162797 | ||||||||
9. | CFI OF NEW JERSEY, INC. | New Jersey | 5912 | 22-3114423 | ||||||||
10. | CHESAPEAKE INFUSION, INC. | Florida | 5912 | 22-3835126 | ||||||||
11. | CURASCRIPT PBM SERVICES, INC. | Delaware | 5912 | 36-4374570 | ||||||||
12. | CURASCRIPT, INC. | Delaware | 5912 | 36-4369972 | ||||||||
13. | DIVERSIFIED PHARMACEUTICAL SERVICES, INC. | Minnesota | 5912 | 41-1627938 | ||||||||
14. | ESI ACQUISITION, INC. | New York | 5912 | 16-1279199 | ||||||||
15. | ESI CLAIMS, INC. | Delaware | 5912 | 43-1869691 | ||||||||
16. | ESI ENTERPRISES, LLC | Delaware | 5912 | 56-2356810 | ||||||||
17. | ESI HRA, LLC | Delaware | 5912 | 20-2996995 | ||||||||
18. | ESI MAIL ORDER PROCESSING, INC. | Delaware | 5912 | 74-2974964 | ||||||||
19. | ESI MAIL PHARMACY SERVICE, INC. | Delaware | 5912 | 43-1867735 | ||||||||
20. | EXPRESS SCRIPTS MSA, LLC | Florida | 5912 | 20-0551334 | ||||||||
21. | ESI PARTNERSHIP | Delaware | 5912 | 43-1925562 | ||||||||
22. | ESI REALTY, LLC | New Jersey | 5912 | 75-3040456 | ||||||||
23. | ESI RESOURCES, INC. | Minnesota | 5912 | 41-2006555 | ||||||||
24. | ESI-GP HOLDINGS, INC. | Delaware | 5912 | 43-1925556 | ||||||||
25. | EXPRESS SCRIPTS ADMINISTRATORS, LLC | Delaware | 5912 | 41-2063830 | ||||||||
26. | EXPRESS SCRIPTS CANADA HOLDING, CO. | Delaware | 5912 | 43-1942542 | ||||||||
27. | EXPRESS SCRIPTS CANADA HOLDING, LLC | Delaware | 5912 | 27-1490640 | ||||||||
28. | EXPRESS SCRIPTS PHARMACEUTICAL PROCUREMENT, LLC | Delaware | 5912 | 20-5826948 | ||||||||
29. | EXPRESS SCRIPTS PHARMACY, INC. | Delaware | 5912 | 30-0789911 | ||||||||
30. | EXPRESS SCRIPTS SENIOR CARE HOLDINGS, INC. | Delaware | 5912 | 20-3126104 | ||||||||
31. | EXPRESS SCRIPTS SENIOR CARE, INC. | Delaware | 5912 | 20-3126075 | ||||||||
32. | EXPRESS SCRIPTS SERVICES COMPANY | Delaware | 5912 | 43-1832983 | ||||||||
33. | EXPRESS SCRIPTS SPECIALTY DISTRIBUTION SERVICES, INC. | Delaware | 5912 | 43-1869712 | ||||||||
34. | EXPRESS SCRIPTS UTILIZATION MANAGEMENT CO. | Delaware | 5912 | 43-1869714 | ||||||||
35. | EXPRESS SCRIPTS WC, INC. | Florida | 5912 | 59-2997634 | ||||||||
36. | EXPRESS SCRIPTS, INC. | Delaware | 5912 | 43-1420563 | ||||||||
37. | FRECO, INC. | Florida | 5912 | 02-0523249 | ||||||||
38. | FREEDOM SERVICE COMPANY, LLC | Florida | 5912 | 20-3229217 | ||||||||
39. | HEALTHBRIDGE REIMBURSEMENT AND PRODUCT SUPPORT, INC. | Massachusetts | 5912 | 04-2992335 | ||||||||
40. | HEALTHBRIDGE, INC. | Delaware | 5912 | 26-2159005 | ||||||||
41. | HOME HEALTHCARE RESOURCES, INC. | Pennsylvania | 5912 | 52-1498155 | ||||||||
42. | iBIOLOGIC, INC. | Delaware | 5912 | 20-0325621 | ||||||||
43. | IVTX, INC. | Delaware | 5912 | 43-1794690 | ||||||||
44. | LYNNFIELD COMPOUNDING CENTER, INC. | Florida | 5912 | 58-2593075 | ||||||||
45. | LYNNFIELD DRUG, INC. | Florida | 5912 | 04-3546044 | ||||||||
46. | MAH PHARMACY, L.L.C. | Delaware | 5912 | 27-1506930 | ||||||||
47. | MATRIX GPO LLC | Indiana | 5912 | 51-0500147 | ||||||||
48. | MEDCO CDUR, L.L.C. | Delaware | 5912 | N/A | ||||||||
49. | MEDCO CHP, L.L.C. | Delaware | 5912 | 27-5133672 | ||||||||
50. | MEDCO CONTINUATION HEALTH, L.L.C. | Delaware | 5912 | N/A | ||||||||
51. | MEDCO EUROPE II, L.L.C. | Delaware | 5912 | 27-3709630 |
Name of Guarantor Registrant |
State or Other Jurisdiction of Incorporation or Formation |
Primary Standard Industrial Classification Code Number |
I.R.S. Employer Identification Number |
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52. | MEDCO EUROPE, L.L.C. | Delaware | 5912 | N/A | ||||||||
53. | MEDCO HEALTH NEW YORK INDEPENDENT PRACTICE ASSOCIATION, L.L.C. | New York | 5912 | 22-3572956 | ||||||||
54. | MEDCO HEALTH PUERTO RICO, L.L.C. | Delaware | 5912 | 81-0616525 | ||||||||
55. | MEDCO HEALTH SERVICES, INC. | Delaware | 5912 | 26-3544786 | ||||||||
56. | MEDCO HEALTH SOLUTIONS OF ILLINOIS, L.L.C. | Delaware | 5912 | N/A | ||||||||
57. | MEDCO HEALTH SOLUTIONS, INC. | Delaware | 5912 | 22-3461740 | ||||||||
58. | MEDCO OF WILLINGBORO URBAN RENEWAL, L.L.C. | New Jersey | 5912 | 22-3811751 | ||||||||
59. | MEDCO RESEARCH INSTITUTE, L.L.C. | Delaware | 5912 | 45-3631137 | ||||||||
60. | MEDCOHEALTH.COM, L.L.C. | New Jersey | 5912 | 22-3732483 | ||||||||
61. | MOORESVILLE ON-SITE PHARMACY, LLC | Delaware | 5912 | 26-1102625 | ||||||||
62. | NATIONAL PRESCRIPTION ADMINISTRATORS, INC. | New Jersey | 5912 | 22-2230703 | ||||||||
63. | NATIONAL RX SERVICES NO. 3, INC. OF OHIO | Ohio | 5912 | 34-1666699 | ||||||||
64. | PRIORITY HEALTHCARE CORPORATION | Indiana | 5122 | 35-1927379 | ||||||||
65. | PRIORITY HEALTHCARE CORPORATION WEST | Nevada | 5912 | 88-0445494 | ||||||||
66. | PRIORITY HEALTHCARE DISTRIBUTION, INC. | Florida | 5912 | 59-3761140 | ||||||||
67. | PRIORITY HEALTHCARE PHARMACY, INC. | Florida | 5912 | 59-3099905 | ||||||||
68. | PRIORITYHEALTHCARE.COM, INC. | Florida | 5912 | 59-3573515 | ||||||||
69. | SINUSPHARMACY, INC. | Florida | 5912 | 56-2394216 | ||||||||
70. | SPECIALTY INFUSION PHARMACY, INC. | Florida | 5912 | 74-3105470 | ||||||||
71. | SPECTRACARE HEALTH CARE VENTURES, INC. | Kentucky | 5912 | 61-1317695 | ||||||||
72. | SPECTRACARE INFUSION PHARMACY, INC. | Kentucky | 5912 | 61-1147067 | ||||||||
73. | SPECTRACARE OF INDIANA | Indiana | 5912 | 35-1807559 | ||||||||
74. | SPECTRACARE, INC. | Kentucky | 5912 | 61-1147068 | ||||||||
75. | SYSTEMED, L.L.C. | Delaware | 5912 | 22-3474888 | ||||||||
76. | THE VACCINE CONSORTIUM, LLC | Maryland | 5912 | 20-5454871 | ||||||||
77. | THERAPEASE CUISINE, INC. | Wisconsin | 5912 | 26-0759966 | ||||||||
78. | TVC ACQUISITION CO., INC. | Delaware | 5912 | 45-4509922 | ||||||||
79. | UBC LATE STAGE, INC. | Missouri | 5912 | 43-1083790 | ||||||||
80. | UNITED BIOSOURCE LLC | Delaware | 5912 | 80-0077029 | ||||||||
81. | UNITED BIOSOURCE HOLDINGS, INC. | Delaware | 5912 | 46-3047667 | ||||||||
82. | UNITED BIOSOURCE PATIENT SOLUTIONS, INC. | Delaware | 5912 | 20-3419132 | ||||||||
83. | VALUE HEALTH, INC. | Delaware | 6324 | 06-1194838 | ||||||||
84. | YOURPHARMACY.COM, INC. | Delaware | 5912 | 43-1842584 |
* | The address of the principal executive office for each of these additional registrants is One Express Way, St. Louis, Missouri 63121. Their telephone number is (314) 996-0900. |
PROSPECTUS
EXPRESS SCRIPTS HOLDING COMPANY
COMMON STOCK
PREFERRED STOCK
DEBT SECURITIES
WARRANTS
SUBSCRIPTION RIGHTS
PURCHASE CONTRACTS
PURCHASE UNITS
We may offer and sell from time to time our securities in one or more classes or series and in amounts, at prices and on terms that we will determine at the times of the offerings. Our subsidiaries may guarantee any debt securities that we issue under this prospectus. We may from time to time offer to sell together or separately in one or more offerings:
| common stock; |
| preferred stock; |
| debt securities, which may be senior, subordinated or junior subordinated; |
| warrants to purchase common stock, preferred stock or debt securities; |
| subscription rights to purchase common stock, preferred stock, debt securities or other securities; |
| purchase contracts; and |
| purchase units. |
This prospectus describes some of the general terms that may apply to these securities. We will provide the specific prices and terms of these securities in one or more supplements to this prospectus at the time of the offering. You should read this prospectus and the accompanying prospectus supplement carefully before you make your investment decision.
We may offer and sell these securities through underwriters, dealers or agents or directly to purchasers, on a continuous or delayed basis. These securities may also be resold by selling security holders. The prospectus supplement for each offering will describe in detail the plan of distribution for that offering and will set forth the names of any underwriters, dealers or agents involved in the offering and any applicable fees, commissions or discount arrangements.
This prospectus may not be used to sell securities unless accompanied by a prospectus supplement or a free writing prospectus.
Our common stock is listed on the NASDAQ Global Select Market under the trading symbol ESRX. Each prospectus supplement will indicate whether the securities offered thereby will be listed on any securities exchange.
Investing in our securities involves a high degree of risk. See Risk Factors in our most recent Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and in any applicable prospectus supplement and/or other offering material for a discussion of certain factors which should be considered before making an investment in any securities which may be offered hereby.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus or any accompanying prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus is June 2, 2014.
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This prospectus is part of a registration statement that we filed with the Securities and Exchange Commission (the SEC) using a shelf registration process. Under the shelf registration process, we may from time to time sell any combination of the securities described in this prospectus in one or more offerings.
This prospectus only provides you with a general description of the securities we may offer. Each time we sell securities we will provide a supplement to this prospectus and/or other offering material that will contain specific information about the terms of that offering, including the specific amounts, prices and terms of the securities offered. The prospectus supplement may also add, update or change information contained in this prospectus. You should carefully read both this prospectus and any accompanying prospectus supplement or other offering materials, together with the additional information described under the heading Where You Can Find More Information.
You should rely only on the information contained or incorporated by reference in this prospectus, any supplement to this prospectus or other offering material filed by us with the SEC. We have not authorized anyone to provide you with different information. If anyone provides you with different or inconsistent information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted.
This prospectus and any accompanying prospectus supplement or other offering materials do not contain all of the information included in the registration statement as permitted by the rules and regulations of the SEC. For further information, we refer you to the registration statement on Form S-3, including its exhibits. We are subject to the informational requirements of the Securities Exchange Act of 1934, as amended (Exchange Act), and, therefore, file reports and other information with the SEC. Statements contained in this prospectus and any accompanying prospectus supplement or other offering materials about the provisions or contents of any agreement or other document are only summaries. If SEC rules require that any agreement or document be filed as an exhibit to the registration statement, you should refer to that agreement or document for its complete contents.
You should not assume that the information in this prospectus, any prospectus supplement or any other offering materials is accurate as of any date other than the date on the front of each document. Our business, financial condition, results of operations and prospects may have changed since then.
In this prospectus, unless otherwise specified or the context requires otherwise, we use the terms Express Scripts, the Company, we, us and our to refer to Express Scripts Holding Company and its subsidiaries.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Information we have included or incorporated by reference in this prospectus and any accompanying prospectus supplement contains or may contain forward-looking statements. These forward-looking statements include, among others, statements of our plans, objectives, expectations (financial or otherwise) or intentions.
Our forward-looking statements involve risks and uncertainties. Our actual results may differ significantly from those projected or suggested in any forward-looking statements. We do not undertake any obligation to release publicly any revisions to such forward-looking statements to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Factors that might cause such a difference to occur include, but are not limited to:
| our ability to remain profitable in a very competitive marketplace depends upon our continued ability to attract and retain clients while maintaining our margins, to differentiate our products and services from those of our competitors, and to develop and cross-sell new products and services to our existing clients; |
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| our failure to anticipate and appropriately adapt to changes or trends within the rapidly changing healthcare industry; |
| changes in applicable laws, rules or regulations, or their interpretation or enforcement, or the enactment of new laws, rules or regulations, which apply to our business practices (past, present or future) or require us to spend significant resources in order to comply or to make significant changes to our business operations; |
| changes to the healthcare industry designed to manage healthcare costs or alter healthcare financing practices or changes to government policies in general; |
| uncertainties regarding the implementation of health reform laws; |
| general economic conditions; |
| a failure in the security or stability of our technology infrastructure, or the infrastructure of one or more of our key vendors, or a significant failure or disruption in service within our operations or the operations of such vendors; |
| our failure to execute on, or other issues arising under, certain key client contracts; |
| significant changes within the pharmacy provider marketplace, including the loss of or adverse change in our relationship with one or more key pharmacy providers; |
| changes relating to our participation in Medicare Part D, the loss of Medicare Part D eligible members, or our failure to otherwise execute on our strategies related to Medicare Part D; |
| our failure to effectively execute on strategic transactions or successfully integrate the business operations or achieve the anticipated benefits from any acquired businesses; |
| a failure to adequately protect confidential health information received and used in our business operations; |
| uncertainty around realization of the anticipated benefits of the transaction with Medco (as defined below), including the expected amount and timing of cost savings and operating synergies or difficulty in integrating the businesses of ESI (as defined below) and Medco or in retaining clients of the respective companies; |
| the impact of our debt service obligations on the availability of funds for other business purposes, and the terms of and our required compliance with covenants relating to our indebtedness; |
| the delay, reduction, suspension or cancellation of government spending or appropriations relating to our business; |
| the termination, loss, or an unfavorable modification, of our relationship with one or more key pharmaceutical manufacturers, or the significant reduction in payments made or discounts provided by pharmaceutical manufacturers; |
| changes in industry pricing benchmarks; |
| results in pending and future litigation or other proceedings which could subject us to significant monetary damages or penalties and/or require us to change our business practices, or the costs incurred in connection with such proceedings; |
| our failure to attract and retain talented employees, or to manage succession and retention for our Chief Executive Officer or other key executives; and |
| other risks described from time to time in our filings with the SEC. |
These and other relevant factors, including those risk factors identified in our Annual Report on Form 10-K and our other filings under the Exchange Act, parts of which are incorporated by reference in this prospectus, should be carefully considered when reviewing any forward-looking statement. See Where You Can Find More Information.
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EXPRESS SCRIPTS HOLDING COMPANY
On April 2, 2012, Express Scripts, Inc. (ESI) consummated a merger (the Merger) with Medco Health Solutions, Inc. (Medco) and both ESI and Medco became wholly-owned subsidiaries of Express Scripts Holding Company (the Company or Express Scripts). The consolidated financial statements (and other data, such as claims volume) reflect the results of operations and financial position of ESI for all periods prior to April 1, 2012. However, references to amounts for periods after the closing of the Merger on April 2, 2012 relate to Express Scripts.
We are the largest pharmacy benefit management (PBM) company in the United States, offering a full range of services to our clients, which include managed care organizations, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers compensation plans and government health programs. We help health benefit providers address access and affordability concerns resulting from rising drug costs while helping to improve healthcare outcomes. We manage the cost of the drug benefit by performing the following functions:
| evaluating drugs for price, value and efficacy in order to assist clients in selecting a cost-effective formulary; |
| leveraging purchasing volume to deliver discounts to health benefit providers; |
| promoting the use of generics and low-cost brands; and |
| offering cost-effective home delivery pharmacy and specialty services that result in drug cost savings for plan sponsors and co-payment savings for members. |
We work with clients, manufacturers, pharmacists and physicians to increase efficiency in the drug distribution chain, to manage costs in the pharmacy benefit chain and to improve members health outcomes and satisfaction.
Plan sponsors who are more aggressive in taking advantage of our effective tools and comprehensive array of solutions to manage drug spend have seen reductions in their prescription drug trend while preserving healthcare outcomes. Greater use of generic drugs and lower-cost brand drugs has resulted in significant reductions in spending for commercially insured consumers and their employers.
We have organized our operations into two business segments based on products and services offered: PBM and Other Business Operations.
Our PBM segment primarily consists of the following products and services:
| retail network pharmacy administration; |
| home delivery pharmacy services; |
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| benefit design consultation; |
| drug utilization review; |
| drug formulary management; |
| clinical solutions to improve health outcomes, such as adherence, case coordination and personalized medicine; |
| a flexible array of Medicare Part D, Medicaid and Health Insurance Marketplace offerings to support clients benefits; |
| specialty pharmacy, including the distribution of fertility pharmaceuticals requiring special handling or packaging; |
| administration of a group purchasing organization; and |
| consumer health and drug information. |
The Other Business Operations segment primarily consists of the following products and services:
| distribution of pharmaceuticals and medical supplies to providers and clinics; and |
| scientific evidence to guide the safe, effective and affordable use of medicines. |
Our revenues are generated primarily from the delivery of prescription drugs through our contracted network of retail pharmacies, home delivery of prescription drugs and specialty pharmacy services and Other Business Operations services. Revenues from the delivery of prescription drugs to our members represented 98.8% of revenues in 2013, 99.0% in 2012 and 99.4% in 2011. Revenues from services, such as the fees associated with the administration of retail pharmacy networks contracted by certain clients, medication counseling services and certain specialty distribution services, comprised the remainder of our revenues.
Prescription drugs are dispensed to members of the health plans we serve primarily through networks of retail pharmacies that are under non-exclusive contracts with us and through home delivery fulfillment pharmacies, specialty drug pharmacies and fertility pharmacies that we operate. More than 68,000 retail pharmacies, which represent over 95% of all U.S. retail pharmacies, participated in one or more of our networks at December 31, 2013. The top ten retail pharmacy chains represent approximately 60% of the total number of stores in our largest network.
Express Scripts, Inc. was incorporated in Missouri in September 1986, and was reincorporated in Delaware in March 1992. Aristotle Holding, Inc. was incorporated in Delaware on July 15, 2011. Aristotle Holding, Inc. was renamed Express Scripts Holding Company concurrently with the consummation of the Merger.
Our principal executive offices are located at One Express Way, Saint Louis, Missouri, 63121. Our telephone number is (314) 996-0900 and our website is www.express-scripts.com. The information on, or accessible through, our website is not part of this prospectus and should not be relied upon in connection with making any investment decision with respect to the securities offered by this prospectus.
You should consider the specific risks described in our Annual Report on Form 10-K for the year ended December 31, 2013, the risk factors described under the caption Risk Factors in any applicable prospectus supplement and any risk factors set forth in our other filings with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act before making an investment decision. Each of the risks described in these documents could materially and adversely affect our business, financial condition, results of operations and prospects, and could result in a partial or complete loss of your investment. See Where You Can Find More Information.
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We intend to use the net proceeds from the sale of the securities as set forth in the applicable prospectus supplement and/or other offering material. Unless otherwise set forth in a prospectus supplement, we will not receive any proceeds in the event that securities are sold by a selling security holder.
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed charges for the periods indicated:
Three Months Ended March 31, 2014 |
Year Ended December 31, | |||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||
Ratio of Earnings to Fixed Charges(1) |
5.5 | 6.4 | 4.3 | 7.5 | 11.6 | 7.4 |
(1) | For purposes of calculating the ratio of earnings to fixed charges, earnings represent income before income taxes and equity earnings from affiliates plus fixed charges. Fixed charges include interest expense and our estimate of the interest component of rent expense. |
As of the date of this prospectus, we had no preferred stock outstanding.
This prospectus contains summary descriptions of the common stock, preferred stock, debt securities, warrants, subscription rights, purchase contracts and purchase units that we may offer and sell from time to time. These summary descriptions are not meant to be complete descriptions of each security. The particular terms of any security will be described in the applicable prospectus supplement.
General
Our authorized capital stock consists of 2,985.0 million shares of common stock, par value $0.01 per share, and 15.0 million shares of preferred stock, par value $0.01 per share. As of April 30, 2014, no shares of preferred stock were outstanding. On such date, 27.0 million shares of common stock were subject to outstanding options and 2.5 million shares of common stock were subject to stock settled appreciation rights.
The following description of the terms of our common stock and preferred stock is not complete and is qualified in its entirety by reference to our amended and restated certificate of incorporation and our amended and restated bylaws, each of which is filed as an exhibit to the registration statement of which this prospectus is a part, and the applicable provisions of the General Corporation Law of the State of Delaware. To find out where copies of our amended and restated certificate of incorporation and amended and restated bylaws can be obtained, see Where You Can Find More Information.
Common Stock
The outstanding shares of our common stock are fully paid and nonassessable. Each holder of our common stock is entitled to one vote per share upon all questions presented to stockholders. Holders of our common stock have noncumulative voting rights, meaning that the holders of more than 50% of the shares voting for the election of directors can elect 100% of the directors and the holders of the remaining shares are not able to elect any directors. The holders of our common stock have no preemptive rights and no rights to convert their common
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stock into any other securities. There are also no redemption or sinking fund provisions applicable to our common stock.
Subject to the preferences applicable to any shares of our preferred stock outstanding at the time, holders of our common stock are entitled to receive dividends when and as declared by our board of directors from funds legally available therefore and are entitled, in the event of liquidation, to share ratably in all assets remaining paid after payment of liquidation.
Our common stock is listed on the NASDAQ Global Select Market under the symbol ESRX. The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company.
Blank Check Preferred Stock
Without further stockholder action, our board of directors is authorized to provide for the issuance of preferred stock in one or more series, to fix the number of shares of any such series and to fix the designation of any such series as well as the powers, preferences and rights and the qualifications, limitations or restrictions of the preferred stock and to increase or decrease the number of shares of any such series (but not below the number of shares of such series then outstanding).
It is not possible to state the actual effect of the issuance of any shares of preferred stock upon the rights of holders of our common stock until the board of directors determines the specific rights of the holders of the preferred stock. However, any or all of these rights may be greater than the rights of our common stock and effects of the issuances of any preferred stock might include:
| restricting dividends on the common stock; |
| diluting the voting power of the common stock; |
| impairing the liquidation rights of the common stock; and |
| delaying or preventing a change in control of our company. |
Amended and Restated Certificate of Incorporation and Bylaw Provisions
Various provisions contained in our amended and restated certificate of incorporation and amended and restated bylaws could delay or discourage some transactions involving an actual or potential change in control of us or our management and may limit the ability of our stockholders to remove current management or approve transactions that our stockholders may deem to be in their best interests. These provisions:
| authorize our board of directors to establish one or more series of preferred stock, the terms of which can be determined by the board of directors at the time of issuance; |
| require that any action required or permitted to be taken by our stockholders must be effected at a duly called annual or special meeting of stockholders and may not be effected by any consent in writing; |
| provide an advanced written notice procedure with respect to stockholder proposals and the nomination of candidates for election as directors, other than nominations made by or at the direction of our board of directors or a committee of our board of directors; |
| state that special meetings of our stockholders may be called only by the secretary upon the written request or requests of the holders of record representing not less than 35% of the voting power of all capital stock issued and outstanding and entitled to vote; and |
| allow our directors, and not our stockholders, to fill vacancies on our board of directors, including vacancies resulting from removal or enlargement of the board. |
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DESCRIPTION OF DEBT SECURITIES
This section describes the general terms and provisions of the debt securities that we may issue separately, upon exercise of a debt warrant, in connection with a stock purchase contract or as part of a stock purchase unit from time to time in the form of one or more series of debt securities. The applicable prospectus supplement and/or other offering material will describe the specific terms of the debt securities offered through that prospectus supplement as well as any general terms described in this section that will not apply to those debt securities. The debt securities will be issued under an indenture among us, certain of our domestic subsidiaries that may guarantee the securities and Wells Fargo Bank, National Association, as trustee.
We have summarized selected provisions of the indenture below. The summary is not complete. The indenture has been filed with the SEC as an exhibit to the registration statement of which this prospectus is a part, and you should read the indenture for provisions that may be important to you. Capitalized terms used in the summary have the meanings specified in the indenture.
General
The indenture provides that debt securities in separate series may be issued under the indenture from time to time without limitation as to the aggregate principal amount. We may specify a maximum aggregate principal amount for the debt securities of any series. We will determine the terms and conditions of the debt securities, including the maturity, principal and interest, but those terms must be consistent with the indenture.
The applicable prospectus supplement will set forth or describe the following terms of each series of such debt securities:
| the title of the debt securities; |
| any limit on the aggregate principal amount of the debt securities; |
| the price or prices at which the debt securities will be offered; |
| the person to whom any interest on the debt securities will be payable; |
| the dates on which the principal of the debt securities will be payable; |
| the interest rate or rates that the debt securities will bear and the interest payment dates for the debt securities; |
| the places where payments on the debt securities will be payable; |
| any periods within which, and terms upon which, the debt securities may be redeemed, in whole or in part, at our option; |
| the portion of the principal amount, if less than all, of the debt securities that will be payable upon declaration of acceleration of the maturity of the debt securities; |
| any addition to or change in the events of default with respect to the debt securities; |
| any addition to or change in the covenants in the indenture; |
| whether any of our subsidiaries will provide guarantees of the debt securities; and |
| any other terms of the debt securities not inconsistent with the provisions of the indenture. |
The indenture does not limit the amount of debt securities that may be issued. The indenture allows debt securities to be issued up to the principal amount that we may authorize and such debt securities may be in any currency or currency unit we designate.
Debt securities, including Original Issue Discount Securities (as defined in the indenture), may be sold at a substantial discount below their principal amount. Special U.S. federal income tax considerations applicable to
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debt securities sold at an original issue discount may be described in the applicable prospectus supplement. In addition, special U.S. federal income tax or other considerations applicable to any debt securities that are denominated in a currency or currency unit other than U.S. dollars may be described in the applicable prospectus supplement.
Subsidiary Guarantees
If specified in the prospectus supplement, certain of our subsidiaries (our subsidiary guarantors) will guarantee the debt securities of a series.
Purchase of Debt Securities Upon a Change of Control Triggering Event
Upon the occurrence of any change of control triggering event with respect to a particular series of debt securities, each holder of debt securities of such series shall have the right to require us to repurchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of their debt securities of such series pursuant to the offer described below (the change of control offer) on the terms set forth in the debt securities. In the change of control offer, we will be required to offer payment in cash equal to 101% of the aggregate principal amount of debt securities repurchased, plus accrued and unpaid interest, if any, on the debt securities repurchased, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date) (the change of control payment). Within 30 days following any change of control triggering event with respect to a particular series of debt securities, or at our option, prior to any change of control but after the public announcement of the pending change of control, we will be required to mail a notice to holders of debt securities of the applicable series, with a copy to the trustee, describing the transaction or transactions that constitute the change of control triggering event and offering to repurchase the debt securities of such series on the date specified in the notice, which date shall be a business day no earlier than 30 days and no later than 60 days from the date such notice is mailed (the change of control payment date), pursuant to the procedures required by the debt securities and described in such notice. The notice will, if mailed prior to the date of the consummation of the change of control, state that the change of control offer is conditioned on the change of control triggering event occurring on or prior to the change of control payment date. We must comply with the requirements of Rule 14e-1 under the Exchange Act, and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the repurchase of the debt securities as a result of a change of control triggering event. To the extent that the provisions of any securities laws or regulations conflict with the change of control provisions of the debt securities, we will be required to comply with the applicable securities laws and regulations and will not be deemed to have breached our obligations under the change of control provisions of the debt securities by virtue of such conflicts.
On the change of control payment date, we will be required, to the extent lawful, to:
| accept for payment all debt securities or portions of debt securities properly tendered pursuant to the change of control offer; |
| deposit with the paying agent an amount equal to the change of control payment in respect of all debt securities or portions of debt securities properly tendered; and |
| deliver or cause to be delivered to the trustee the debt securities properly accepted, together with an officers certificate stating the aggregate principal amount of debt securities or portions of debt securities being purchased and that all conditions precedent provided for in the indenture to the change of control offer and to the repurchase by us of debt securities pursuant to the change of control offer have been complied with. |
The paying agent will promptly mail to each holder of debt securities properly tendered the purchase price for the debt securities, and the trustee will promptly authenticate and mail (or cause to be transferred by book-entry) to each holder a new note equal in principal amount to any unpurchased portion of any debt securities surrendered; provided that each new note will be in a principal amount of $2,000 or an integral multiple of $1,000.
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We will not be required to make an offer to repurchase the debt securities upon a change of control triggering event if (i) a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by us, and such third party purchases all debt securities properly tendered and not withdrawn under its offer, or (ii) we have given written notice of a redemption of the debt securities as provided in the indenture, unless we have failed to pay the redemption price on the redemption date. The provisions relating to a change in control triggering event may not be waived or modified for any series of debt securities without the written consent of holders of at least a majority in principal amount of that series of debt securities outstanding. For purposes of the foregoing discussion of a repurchase at the option of holders, the following definitions are applicable:
The term below investment grade rating event means the debt securities of the applicable series are not rated, or are rated below an investment grade rating by each of the rating agencies (as defined below) on any date during the period commencing 60 days prior to the public notice of an arrangement that could result in a change of control until the end of the 60-day period following public notice of the occurrence of the change of control (which 60-day period shall be extended so long as the rating of the debt securities of the applicable series is under publicly announced consideration for possible downgrade by either of the rating agencies), provided that a below investment grade rating event otherwise arising by virtue of a particular reduction in, or termination of, any rating shall not be deemed to have occurred in respect of a particular change of control (and thus shall not be deemed a below investment grade rating event for purposes of the definition of change of control triggering event hereunder) if the rating agency or rating agencies ceasing to rate the debt securities of the applicable series or making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the trustee in writing at its request that the termination or reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable change of control (whether or not the applicable change of control shall have occurred at the time of the below investment grade rating event).
The term change of control means the occurrence of any of the following: (a) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties and assets of the Company and its subsidiaries taken as a whole to any person or group of related persons for purposes of Section 13(d) of the Exchange Act other than the Company or one of its subsidiaries; (b) the approval by the holders of our common stock of any plan or proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the indenture); (c) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any person or group (other than one of our subsidiaries) becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of more than 50% of the then outstanding number of shares of our voting stock; (d) we consolidate with or merge with or into any person, or any person consolidates with, or merges with or into us, pursuant to a transaction in which any of the outstanding voting stock of the Company or such other person is converted into or exchanged for cash, securities or other property (except when our voting stock is converted into, or exchanged for, at least a majority of the voting stock of the surviving person immediately after giving effect to the transaction); or (e) the first day on which a majority of the members of our board of directors are not continuing directors.
Holders may not be entitled to require us to purchase their debt securities in certain circumstances involving our board of directors, including in connection with a proxy contest, where our board of directors initially publicly opposes the election of a dissident slate of directors, but subsequently approves such directors as continuing directors for purposes of the indenture. This may result in a change in the composition of the board of directors that, but for such subsequent approval, would have otherwise constituted a change of control requiring a repurchase offer under the terms of the indenture.
The definition of change of control includes a phrase relating to the direct or indirect sale, transfer, conveyance or other disposition of all or substantially all of the properties and assets of the Company and its subsidiaries taken as a whole. Although there is a limited body of case law interpreting the phrase substantially
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all, there is no precise established definition of the phrase under applicable law. Accordingly, the ability of a holder of debt securities to require us to repurchase its debt securities as a result of a sale, lease, transfer, conveyance or other disposition of less than all of the properties and assets of the Company and its subsidiaries taken as a whole to another person or group may be uncertain.
The term change of control triggering event means the occurrence of both a change of control and a below investment grade rating event.
The term continuing directors means, as of any date of determination, any member of our board of directors who (a) was a member of such board of directors on the date of the consummation of the Merger; or (b) was nominated for election or elected to our board of directors with the approval of at least a majority of the continuing directors who were members of our board of directors at the time of such nomination or election (either by a specific vote or by approval of a proxy statement in which such member was named as a nominee for election as a director, without objection to such nomination).
Under a Delaware Chancery Court interpretation of the foregoing definition of continuing directors, a board of directors may approve for purposes of such definition a slate of shareholder-nominated directors without endorsing them, while simultaneously recommending and endorsing its own slate. This interpretation permits our board to approve a slate of directors that includes a majority of dissident directors nominated pursuant to a proxy contest and the ultimate election of such dissident slate would not constitute a change of control that would trigger your right to require us to repurchase your debt securities as described above.
The term investment grade rating means a rating of Baa3 (or better) by Moodys (or its equivalent under any successor rating category of Moodys) and a rating of BBB- (or better) by S&P (or its equivalent under any successor rating category of S&P), respectively, and the equivalent investment grade credit rating from any replacement rating agency or rating agencies selected by us under the circumstances permitting us to select a replacement agency and in the manner for selecting a replacement agency, in each case as set forth in the definition of rating agency.
The term Moodys means Moodys Investors Service, Inc., a subsidiary of Moodys Corporation, and its successors.
The term person includes any individual, corporation, partnership, limited partnership, general partnership, limited liability company, limited liability partnership, business trust, association, joint stock company, joint venture, trust, trust company, bank, association, land trust, business trust or other organizations, whether or not legal entities, incorporated or unincorporated organization or government or any agency or political subdivision thereof.
The term rating agency or rating agencies means each of Moodys and S&P; provided that if any of Moodys or S&P ceases to provide rating services to issuers or investors, we may appoint another nationally recognized statistical rating organization within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act as a replacement for such rating agency that is reasonably acceptable to the trustee.
The term S&P means Standard & Poors Ratings Services, a division of The McGraw-Hill Companies, Inc., and its successors.
The term voting stock of any specified person as of any date means the capital stock of such person that is at the time entitled to vote generally in the election of the board of directors of such person.
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Covenants
Merger, Consolidation and Sale of Assets
We have agreed, with respect to each series of debt securities, not to consolidate with or merge with or into any other person, permit any other person to consolidate with or merge with and into us or convey, transfer or lease all or substantially all of our properties and assets to any other person, unless:
| we are the surviving entity or our successor is an entity organized and existing under the laws of the United States of America, any state or the District of Columbia; |
| our successor will expressly assume, by a supplemental indenture, the due and punctual payment of the principal of and any premium and interest on the outstanding debt securities and the performance and observance of every covenant in the indenture that we would otherwise have to perform or observe; |
| immediately after giving effect to such transaction and treating any indebtedness that becomes an obligation of ours or any of our subsidiaries as a result of such transaction as having been incurred by us or any of our subsidiaries at the time of such transaction, there will not be any event of default or event which, after notice or lapse of time or both, would become an event of default; |
| if, as a result of any such transaction, our property or assets would become subject to a lien which would not be permitted under Limitations on Liens, we or our successor shall take those steps that are necessary to secure all outstanding debt securities equally and ratably with the indebtedness secured by that lien; and |
| we will have delivered to the trustee an officers certificate and an opinion of counsel, each stating that such consolidation or transfer and supplemental indenture, if applicable, comply with the indenture and that all conditions precedent to the consummation of the particular transaction under the indenture have been complied with. |
Upon any consolidation or merger with or into any other person or any conveyance, transfer or lease of all or substantially all of our properties and assets to any other person, the successor person will succeed to, and be substituted for, us under the indenture, and we, except in the case of a lease, will be relieved of all obligations and covenants under the debt securities and the indenture to the extent we were the predecessor person.
For purposes of this covenant, the conveyance, transfer or lease of all or substantially all of the properties and assets of one or more of our subsidiaries, which properties and assets, if held by us instead of such subsidiaries, would constitute all or substantially all of our properties and assets on a consolidated basis, shall be deemed to be the transfer of all or substantially all of our properties and assets.
Limitations on Liens
Neither we nor any restricted subsidiary may create or assume, except in our favor or in favor of one or more of our wholly-owned subsidiaries, any mortgage, pledge, lien or encumbrance (as used in this paragraph, liens) on any property now owned or hereafter acquired by us or any restricted subsidiary, or permit any such subsidiary to do so, unless the outstanding debt securities of each series are secured equally and ratably with (or prior to) the obligations so secured by such lien, except that the foregoing restrictions do not apply to the following types of liens:
(a) liens in connection with workers compensation, unemployment insurance or other social security obligations (which phrase shall not be construed to refer to ERISA or the minimum funding obligations under Section 412 of the Internal Revenue Code of 1986, as amended (the code));
(b) liens to secure the performance of bids, tenders, letters of credit, contracts (other than contracts for the payment of indebtedness), leases, statutory obligations, surety, customs, appeal, performance and payment bonds and other obligations of like nature, in each such case arising in the ordinary course of business;
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(c) mechanics, workmens, carriers, warehousemens, materialmens, landlords, or other like liens arising in the ordinary course of business with respect to obligations that are not due or which are being contested in good faith and by appropriate action;
(d) liens for taxes, assessments, fees or governmental charges or levies that are not delinquent or which are payable without penalty, or which are being contested in good faith and by appropriate action, and in respect of which adequate reserves shall have been established in accordance with GAAP on our books or the books of any of our subsidiaries;
(e) liens consisting of attachments, judgments or awards against us or any of our subsidiaries, with respect to which an appeal or proceeding for review shall be pending or a stay of execution shall have been obtained, or which are otherwise being contested in good faith and by appropriate action, and in respect of which adequate reserves shall have been established in accordance with GAAP on our books or the books of any of our subsidiaries;
(f) easements, rights of way, restrictions, leases of property to others, easements for installations of public utilities, title imperfections and restrictions, zoning ordinances and other similar encumbrances affecting property which in the aggregate do not materially adversely affect the value of such property or materially impair its use for the operations of our business or the business of any of our subsidiaries;
(g) liens existing on the date of the supplemental indenture or officers certificate pursuant to which the applicable debt securities are issued and securing indebtedness or other obligations of ESI or any of its subsidiaries;
(h) statutory liens in favor of lessors arising in connection with property leased to us or any of our subsidiaries;
(i) liens on margin stock to the extent that a prohibition on such liens pursuant to this provision would violate Regulation U of the United States Federal Reserve Board, as amended;
(j) purchase money liens on property hereafter acquired by us or any of our subsidiaries, created within 180 days of such acquisition (or in the case of real property, completion of construction including any improvements or the commencement of operation of the property, whichever occurs later) to secure or provide for the payment or financing of all or any part of the purchase price thereof, provided that the lien secured thereby shall attach only to the property so acquired and related assets (except that individual financings by one person (or an affiliate thereof) may be cross-collateralized to other financings provided by such person and its affiliates that are independently permitted by this clause (j));
(k) liens in respect of permitted sale-leaseback transactions;
(l) liens on the property of a person that becomes our subsidiary; provided that (i) such liens existed at the time such person becomes a subsidiary and were not created in anticipation thereof, (ii) any such lien does not by its terms cover any property after the time such person becomes a subsidiary that was not covered immediately prior thereto and (iii) any such lien does not by its terms secure any indebtedness other than indebtedness existing immediately prior to the time such person becomes a subsidiary; provided that such indebtedness was not incurred in anticipation of such person becoming a subsidiary;
(m) liens on property and proceeds thereof existing at the time of acquisition thereof and not created in contemplation thereof;
(n) liens (i) of a collection bank arising under Section 4-208 of the Uniform Commercial Code on the items in the course of collection, and (ii) in favor of a banking institution arising as a matter of law encumbering deposits (including the right of set off) and which are within the general parameters customary in the banking industry;
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(o) liens granted in connection with asset securitization transactions in an aggregate principal amount not in excess of $1.5 billion at any one time outstanding upon the granting of such liens;
(p) liens imposed in respect of environmental laws;
(q) licenses of patents, trademarks and other intellectual property rights granted by us or any of our subsidiaries in the ordinary course of business and not interfering in any material respect with the ordinary conduct of the business of us or such subsidiary, as applicable;
(r) liens securing obligations (other than obligations representing indebtedness for borrowed money) under operating, reciprocal easement or similar agreements entered into by us or any of our subsidiaries in the ordinary course of business;
(s) any extension, renewal, refinancing, substitution or replacement (or successive extensions, renewals, refinancings, substitutions or replacements), as a whole or in part, of any of the liens referred to in paragraphs (g), (j), (l) and (m) of this covenant, provided that such extension, renewal, refinancing, substitution or replacement lien shall be limited to all or any part of substantially the same property or assets that secured the lien extended, renewed, refinanced, substituted or replaced (plus improvements on such property) and the liability secured by such lien at such time is not increased;
(t) liens on proceeds of any of the assets permitted to be the subject of any lien or assignment permitted by this covenant; and
(u) other liens; provided that, without duplication, the aggregate sum of all obligations and indebtedness secured by liens permitted under this clause (u), together with all property subject to the restriction on sale and leaseback transactions described below, would not exceed 15% of our consolidated net worth, measured upon the granting of such liens based on our consolidated balance sheet for the end of the then most recent quarter for which financial statements are available.
Limitations on Sale and Leaseback Transactions
Neither we nor any restricted subsidiary may engage in sale and leaseback transactions except for permitted sale-leaseback transactions.
SEC Reports
For so long as the debt securities are outstanding, we will file with the trustee and the SEC, and transmit to holders of the debt securities, such information, documents and reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act of 1939, as amended (the Trust Indenture Act), at the times and in the manner provided pursuant to the Trust Indenture Act; provided that any such information, documents or reports required to be filed with the SEC pursuant to Section 13 or 15(d) of the Exchange Act must be filed with the trustee within 15 days after the same is so required to be filed with the SEC; provided further that any such information, documents or reports filed with the SEC pursuant to its Electronic Data Gathering, Analysis and Retrieval (or EDGAR) system will be deemed to be filed with the trustee.
Additional Guarantors
If, after the date of the indenture, any of our subsidiaries that is not already a subsidiary guarantor guarantees, becomes a borrower, issuer or guarantor under, or grants any lien to secure any obligations pursuant to, (1) the credit agreement governing our existing credit facility and term loan facility or any refinancing or replacement thereof, or (2) any other indebtedness having an aggregate principal amount outstanding in excess of 15% of our consolidated net worth as of the end of our most recent quarter for which financial statements are available (such consolidated net worth to be measured at the time of the incurrence of each such guarantee or
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borrowing or the granting of such lien), then in any such case such subsidiary will become a subsidiary guarantor by executing a supplemental indenture and delivering it to the trustee promptly (but in any event, within two business days of the date on which it guaranteed or incurred such indebtedness or granted such lien, as the case may be). Notwithstanding the preceding, any guarantee by a subsidiary guarantor that was issued pursuant to this paragraph solely as a result of its guarantee or incurrence of, or granting of a lien in respect of, any such indebtedness shall be automatically and unconditionally released upon the release or discharge of the guarantee that resulted in the creation of such subsidiarys guarantee (or upon such subsidiary ceasing to be an issuer or a borrower or the release of liens granted by such subsidiary, as the case may be), except a discharge or release as a result of payment under such guarantee.
Certain Definitions
The term consolidated net worth means, with respect to any entity, at any date, the sum of all amounts which would be included under stockholders equity on a consolidated balance sheet of such entity and its subsidiaries determined in accordance with GAAP on such date or, in the event such date is not a fiscal quarter end, as of the immediately preceding fiscal quarter end.
The term environmental laws means any and all current or future legally binding statutes, ordinances, orders, rules, regulations, judgments, permits, licenses, authorizations, plans, directives, consent orders or consent decrees of or from any federal, state or local governmental authority, agency or court, or any other binding requirements of governmental authorities relating to (i) the protection of the environment, (ii) any activity, event or occurrence involving hazardous materials, or (iii) occupational safety and health, industrial hygiene, land use or, as relating to the environment, the protection of human, plant or animal health or welfare, in any manner applicable to us or any of our subsidiaries or any of our respective properties or facilities.
The term GAAP means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect on the date of the indenture (subject to certain exceptions set forth in the indenture).
The term hazardous materials means (i) any chemical, material or substance defined as or included in any environmental law in the definition of hazardous substances, hazardous wastes, hazardous materials, extremely hazardous waste, acutely hazardous waste, radioactive waste, biohazardous waste, pollutant, toxic pollutant, contaminant, restricted hazardous waste, infectious waste, toxic substances, or any other term or expression intended to define, list or classify substances by reason of properties harmful to health, safety or the indoor or outdoor environment (including harmful properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity, reproductive toxicity, TCLP toxicity or EP toxicity or words of similar import under any applicable environmental laws); (ii) any oil, petroleum, petroleum fraction or petroleum derived substance; (iii) any drilling fluids, produced waters and other wastes associated with the exploration, development or production of crude oil, natural gas or geothermal resources; (iv) any flammable substances or explosives; (v) any radioactive materials; (vi) any friable asbestos-containing materials; (vii) urea formaldehyde foam insulation; (viii) electrical equipment which contains any oil or dielectric fluid containing polychlorinated biphenyls; (ix) pesticide; and (x) any other chemical, material or substance, exposure to which is prohibited, limited or regulated by any governmental authority pursuant to environmental laws.
The term permitted sale-leaseback transactions means sales or transfers by us or any of our subsidiaries of any real property, improvements, fixtures, machinery and/or equipment with the intention of taking back a lease thereof; provided, however, that permitted sale-leaseback transactions shall not include such transactions involving machinery and/or equipment (excluding any lease for a temporary period of not more than 36 months with the intent that the use of the subject machinery and/or equipment will be discontinued at or before the expiration of such period) relating to facilities (a) in full operation for more than 180 days as of the date of the supplemental indenture or officers certificate pursuant to which the applicable debt securities are issued and
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(b) that are material to our business and the business of our subsidiaries taken as a whole, to the extent that the sum of the aggregate sale price of such machinery and/or equipment from time to time involved in such transactions (giving effect to payment in full under any such transaction and excluding the applied amounts, as defined in the following sentence), plus the amount of obligations and indebtedness from time to time secured by liens permitted under clause (u) in the lien covenant, exceeds 15% of our consolidated net worth. For purposes of this definition, applied amounts means an amount (which may be conclusively determined by our board of directors) equal to the greater of (i) capitalized rent with respect to the applicable machinery and/or equipment and (ii) the fair value of the applicable machinery and/or equipment that is applied within 180 days of the applicable transaction or transactions to repayment of the debt securities or to the repayment of any indebtedness which, in accordance with GAAP, is classified as long-term debt and that is on parity with the debt securities.
The term property means, with respect to any person, all types of real, personal or mixed property and all types of tangible or intangible property owned or leased by such person.
The term restricted subsidiary means any of our subsidiaries that is not an unrestricted subsidiary.
The term subsidiary of any person means (i) any corporation, association or other business entity of which more than 50% of the total voting power of shares of capital stock or other equity interests entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the other subsidiaries of such person (or a combination thereof), (ii) any partnership, limited liability company or similar pass-through entity the sole general partner or the managing general partner or managing member of which is such person or a subsidiary of such person and (iii) any partnership, limited liability company or similar pass-through entity the only general partners, managing members or persons, however designated in corresponding roles, of which are such person or one or more subsidiaries of such person (or any combination thereof).
The term unrestricted subsidiary means any of our subsidiaries that from time to time is not a subsidiary guarantor or required to be a subsidiary guarantor.
The term wholly owned subsidiary of any person means (i) any corporation, association or other business entity of which 100% of the shares of capital stock or other equity interests is at the time owned or controlled, directly or indirectly, by such person or one or more of the other subsidiaries of such person (or a combination thereof) and (ii) any partnership, limited liability company or similar pass-through entity the sole partners, members or persons, however designated in corresponding roles, of which are such person or one or more subsidiaries of such person (or any combination thereof).
Events of Default
Unless otherwise specified in the prospectus supplement, each of the following will constitute an event of default under the indenture with respect to debt securities of any series:
(1) failure to pay any interest on any debt securities of that series when due and payable and continuance of such default for a period of 30 days;
(2) failure to pay principal of or any premium on any debt security of that series when due and payable;
(3) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any indebtedness for money borrowed by us or any restricted subsidiary (or the payment of which is guaranteed by any restricted subsidiary), if that default is caused by a failure to pay principal at its stated maturity after giving effect to any applicable grace period, or results in the acceleration of such indebtedness prior to its stated maturity and, in each case, the principal amount of any such indebtedness, together with the principal amount of any other indebtedness under which there has been a payment default after stated maturity or the maturity of which has been so accelerated, aggregates $100 million or more;
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(4) default in the performance, or breach, of any covenant, agreement or warranty in the indenture or in any supplemental indenture or officers certificate issued pursuant to the indenture that is applicable to such securities and continuance of such default for a period of 60 days after written notice has been given to us by the trustee, or to us and the trustee by the holders of at least 25% in principal amount of the outstanding debt securities of that series, a written notice, specifying such default or breach and requiring it to be remedied, as provided in the indenture;
(5) certain events of bankruptcy, insolvency or reorganization affecting us or any subsidiary guarantors; or
(6) a guarantee ceases to be in full force and effect or is declared to be null and void and unenforceable or the guarantee is found to be invalid or a subsidiary guarantor denies its liability under a guarantee (other than by reason of release of the subsidiary guarantor in accordance with the terms of the indenture).
If an event of default (other than an event of default described in clause (5) above) with respect to the debt securities of any series at the time outstanding occurs and is continuing, either the trustee or the holders of at least 25% in principal amount of the outstanding debt securities of that series may require us to repay immediately the principal of and any unpaid premium and interest on (or, in the case of any Original Issue Discount Security, such portion of the principal amount of such security as may be specified in the terms of such security) all debt securities of the affected securities. An event of default described in clauses (5) above shall cause the principal amount of and any unpaid premium and interest on (or, if any Securities of that series are Original Issue Discount Securities, such portion of the principal amount of such Securities as may be specified by the terms thereof) all the debt securities of all series to become immediately due and payable without any declaration or other act by the trustee, holders or any other party. For information as to waiver of defaults, see Modification and Waiver below.
Subject to the provisions of the indenture relating to the duties of the trustee in case an event of default has occurred and is continuing, the trustee is not obligated to exercise any of its rights or powers under the indenture at the request or direction of any holder of debt securities, unless such holders offer to the trustee indemnity reasonably satisfactory to it. The holders of at least a majority in principal amount of the outstanding debt securities of any series will have the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee or exercising any trust or power conferred on the trustee with respect to the debt securities of that series.
No holder of a debt security of any series will have any right to institute any proceeding under the indenture, or for the appointment of a receiver or a trustee, or for any other remedy under the indenture, unless:
| such holder has previously given the trustee written notice of a continuing event of default with respect to the debt securities of that series; |
| the holders of at least 25% in principal amount of the outstanding debt securities of that series have made a written request to pursue the remedy, and such holders have offered, and if requested provided, the trustee indemnity reasonably satisfactory to it against any loss, liability or expense incurred in connection with such pursuit; and |
| the trustee has failed to comply with the request within 60 days after receipt of such notice, request and offer of indemnity; and |
| the trustee has not received from the holders of a majority in principal amount of the outstanding debt securities of that series a direction inconsistent with such request, within 60 days after such notice, request and offer. |
Notwithstanding any other provision of the indenture, the holder of any debt security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to
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certain provisions the indenture) interest on such debt security on the respective stated maturities expressed in such debt security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such holder.
We will promptly notify the trustee in writing upon becoming aware of the occurrence of any default or event of default. In addition, we shall furnish to the trustee, within 120 days after the end of each fiscal year, an officers certificate stating whether the officers certifying therein have actual knowledge of any default or event of default by us in performing any of our obligations under the indenture or the debt securities and describing any such default or event of default.
Modification and Waiver
Unless otherwise specified in the prospectus supplement, modifications and amendments of the indenture may be made by us, our subsidiary guarantors, if applicable, and the trustee with the consent of the holders of at least a majority in principal amount of the outstanding debt securities of each series affected by such modification or amendment; provided, however, that no such modification or amendment may, without the consent of the holder of each outstanding debt security affected thereby:
| change the stated maturity of the principal of, or any installment of principal of or interest on, any debt security; |
| reduce the principal of, or any premium or interest on, any debt security; |
| reduce the amount of principal of, or any premium or interest on, any debt security payable upon acceleration of the maturity of such debt security; |
| change the place, manner or currency of payment of principal of, or any premium or interest on, any debt security; |
| impair the right to institute suit for the enforcement of any payment due with respect to any debt securities; |
| except as provided in the indenture, release the guarantee of a subsidiary guarantor; |
| reduce the percentage in principal amount of outstanding debt securities of any series necessary for waiver of compliance with certain provisions of the indenture or for waiver of certain defaults; |
| modify such provisions with respect to modification, amendment or waiver; or |
| change the ranking of any series of debt securities. |
Unless otherwise specified in the prospectus supplement, the holders of a majority in principal amount of the outstanding debt securities of any series may, by notice to the trustee, waive compliance by us with certain restrictive provisions of the indenture. The holders of at least a majority in principal amount of the outstanding debt securities of any series may also waive any past default under the indenture with respect to such series, except a default:
| in the payment of principal, premium or interest or the payment of any redemption, purchase or repurchase price; or |
| of certain covenants and provisions of the indenture which cannot be amended without the consent of each holder of the outstanding debt securities of such series. |
Satisfaction and Discharge
The indenture shall cease to be of further effect as to any series of debt securities (except as to any surviving rights expressly provided for in the indenture or in a supplemental indenture or officers certificate delivered pursuant to the indenture) when:
| we deliver to the trustee all outstanding debt securities of a series (except for the debt securities of such series which have been destroyed, lost or stolen and which have been replaced or paid and debt |
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securities of such securities for whose payment money has theretofore been deposited in trust and thereafter repaid to us or discharged from such trust) for cancellation; or |
| all outstanding debt securities of a series that have not been delivered to the trustee for cancellation have become due and payable or will become due and payable at their stated maturity within one year, or, if redeemable at our option, are to be called for redemption within one year under arrangements satisfactory to the trustee in our name and at our expense, and in any case we have irrevocably deposited with the trustee (or another trustee which satisfies the requirements contemplated by the indenture and agrees to comply with the provisions applicable to it) in trust for the purpose of making the following payments, specifically pledged as security for, and dedicated solely to, the benefit of the holders of such debt securities money or U.S. government obligations, or both, in an amount sufficient, without consideration of reinvestment of interest, to pay and discharge, and which shall be applied by the trustee (or any such other qualifying trustee) to pay and discharge, the principal of and any premium and interest on such series of debt securities not previously delivered to the trustee for cancellation at the respective stated maturity or redemption date; |
and, in either case, we have paid or caused to be paid all other sums payable by us under the indenture and we have delivered an officers certificate and an opinion of counsel to the trustee stating that we have satisfied all conditions precedent to satisfaction and discharge of the indenture with respect to such series of debt securities.
Legal Defeasance and Covenant Defeasance
Legal Defeasance. We at any time may terminate all of our obligations under the debt securities of a particular series and the indenture (except for certain obligations to convert, exchange or register the transfer of debt securities, to replace stolen, lost or mutilated debt securities, to maintain paying agencies and to hold moneys for payment in trust) upon the irrevocable deposit in trust for the benefit of the holders of such debt securities of money or U.S. government obligations, or both, in an amount sufficient, without consideration of reinvestment of interest, to pay the principal of and any premium and interest on such debt securities on the respective stated maturities or on the respective redemption date, as the case may be, in accordance with the terms of the indenture and such debt securities. Such defeasance or discharge may occur only if, among other things:
(1) we have delivered to the trustee an opinion of counsel to the effect that we have received from, or there has been published by, the U.S. Internal Revenue Service a ruling, or there has been a change in tax law, in either case to the effect that holders of such debt securities will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and legal defeasance and will be subject to federal income tax on the same amount, in the same manner and at the same times as would have been the case if such deposit and legal defeasance were not to occur;
(2) no event of default or event that with the passing of time or the giving of notice, or both, would constitute an event of default shall have occurred and be continuing at the time of such deposit or, with respect to any event of default described in clause (5) under Events of Default, at any time on or prior to the 90th day after such deposit;
(3) such defeasance will not result in a breach or violation of, or constitute a default under, the indenture or any other agreement or instrument to which we are a party or by which we are bound; and
(4) such defeasance will not cause the trust so created to constitute an investment company within the meaning of the Investment Company Act of 1940.
Covenant Defeasance. The indenture provides that we may terminate our obligations under certain restrictive covenants, including those that may be described in the applicable prospectus supplement, and the occurrence of certain events of default which are described above in clause (4) under Events of Default and any that may be described in the applicable prospectus supplement, shall not be deemed to either be or result in an event of default with respect to such debt securities. In order to exercise such option, we must irrevocably
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deposit, in trust for the benefit of the holders of such debt securities, money or U.S. government obligations, or both, in an amount sufficient, without consideration of reinvestment of interest, to pay the principal of and any premium and interest on such debt securities on the respective stated maturities or on the respective redemption date, as the case may be, in accordance with the terms of the indenture and such debt securities. Such covenant defeasance may occur only if we have delivered to the trustee an opinion of counsel that in effect says that holders of such debt securities will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and covenant defeasance and will be subject to federal income tax on the same amount, in the same manner and at the same times as would have been the case if such deposit and covenant defeasance were not to occur, and the requirements set forth in clauses (2), (3), and (4) under the heading Legal Defeasance above are satisfied.
Governing Law
The debt securities and the indenture will be governed by, and construed in accordance with, the laws of the State of New York.
We may issue warrants for the purchase of common stock, preferred stock or debt securities. We may issue warrants independently or together with any offered securities. The warrants may be attached to or separate from those offered securities. We will issue the warrants under one or more warrant agreements to be entered into between us and a warrant agent to be named in the applicable prospectus supplement. The warrant agent will act solely as our agent in connection with the warrants and will not assume any obligation or relationship of agency or trust for or with any holders or beneficial owners of warrants.
The prospectus supplement relating to any warrants that we may offer will contain the specific terms of the warrants. These terms may include the following:
| the title of the warrants; |
| the price or prices at which the warrants will be issued; |
| the designation, amount and terms of the securities for which the warrants are exercisable; |
| the designation and terms of the other securities, if any, with which the warrants are to be issued and the number of warrants issued with each other security; |
| the aggregate number of warrants; |
| any provisions for adjustment of the number or amount of securities receivable upon exercise of the warrants or the exercise price of the warrants; |
| the price or prices at which the securities purchasable upon exercise of the warrants may be purchased; |
| if applicable, the date on and after which the warrants and the securities purchasable upon exercise of the warrants will be separately transferable; |
| a discussion of any material U.S. federal income tax considerations applicable to the exercise of the warrants; |
| the date on which the right to exercise the warrants will commence, and the date on which the right will expire; |
| the maximum or minimum number of warrants that may be exercised at any time; |
| information with respect to book-entry procedures, if any; and |
| any other terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants. |
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Exercise of Warrants
Each warrant will entitle the holder of the warrant to purchase for cash the amount of common stock, preferred stock or debt securities at the exercise price stated or determinable in the applicable prospectus supplement for the warrants. Warrants may be exercised at any time up to the close of business on the expiration date shown in the applicable prospectus supplement, unless otherwise specified in such prospectus supplement. After the close of business on the expiration date, unexercised warrants will become void. Warrants may be exercised as described in the applicable prospectus supplement. When the warrant holder makes the payment and properly completes and signs the warrant certificate at the corporate trust office of the warrant agent or any other office indicated in the prospectus supplement, we will, as soon as possible, forward the common stock, preferred stock or debt securities that the warrant holder has purchased. If the warrant holder exercises the warrant for less than all of the warrants represented by the warrant certificate, we will issue a new warrant certificate for the remaining warrants.
The description in the applicable prospectus supplement of any warrants we offer will not necessarily be complete and will be qualified in its entirety by reference to the applicable warrant agreement and warrant certificate, which will be filed with the SEC if we offer warrants. For more information on how you can obtain copies of any warrant certificate or warrant agreement if we offer warrants, see Where You Can Find More Information. We urge you to read the applicable warrant certificate, the applicable warrant agreement and any applicable prospectus supplement in their entirety.
DESCRIPTION OF SUBSCRIPTION RIGHTS
We may issue subscription rights to purchase common stock, preferred stock, debt securities or other securities. We may issue subscription rights independently or together with any other offered security, which may or may not be transferable by the stockholder. In connection with any offering of subscription rights, we may enter into a standby arrangement with one or more underwriters or other purchasers pursuant to which the underwriters or other purchasers may be required to purchase any securities remaining unsubscribed for after such offering.
The prospectus supplement relating to any subscription rights we may offer will contain the specific terms of the subscription rights. These terms may include the following:
| the price, if any, for the subscription rights; |
| the exercise price payable for each share of common stock, preferred stock, debt securities or other securities upon the exercise of the subscription rights; |
| the number of subscription rights issued to each security holder; |
| the number and terms of each share of common stock, preferred stock, debt securities or other securities which may be purchased per each subscription right; |
| the extent to which the subscription rights are transferable; |
| any provisions for adjustment of the number or amount of securities receivable upon exercise of the subscription rights or the exercise price of the subscription rights; |
| any other terms of the subscription rights, including the terms, procedures and limitations relating to the exchange and exercise of the subscription rights; |
| the date on which the right to exercise the subscription rights shall commence, and the date on which the subscription rights shall expire; |
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| the extent to which the subscription rights may include an over-subscription privilege with respect to unsubscribed securities; and |
| if applicable, the material terms of any standby underwriting or purchase arrangement entered into by us in connection with the offering of subscription rights. |
The description in the applicable prospectus supplement of any subscription rights we offer will not necessarily be complete and will be qualified in its entirety by reference to the applicable subscription rights certificate or subscription rights agreement, which will be filed with the SEC if we offer subscription rights. For more information on how you can obtain copies of any subscription rights certificate or subscription rights agreement if we offer subscription rights, see Where You Can Find More Information. We urge you to read the applicable subscription rights certificate, the applicable subscription rights agreement and any applicable prospectus supplement in their entirety.
DESCRIPTION OF PURCHASE CONTRACTS AND PURCHASE UNITS
We may issue purchase contracts for the purchase or sale of common stock, preferred stock or debt securities issued by us or by third parties as specified in the applicable prospectus supplement. Each purchase contract will entitle the holder thereof to purchase or sell, and obligate us to sell or purchase on specified dates, such securities at a specified purchase price, which may be based on a formula, all as set forth in the applicable prospectus supplement. We may, however, satisfy our obligations, if any, with respect to any purchase contract by delivering the cash value of such purchase contract or the cash value of the securities otherwise deliverable, as set forth in the applicable prospectus supplement. The applicable prospectus supplement will also specify the methods by which the holders may purchase or sell such securities, and any acceleration, cancellation or termination provisions or other provisions relating to the settlement of a purchase contract. The price per security and the number of securities may be fixed at the time the purchase contracts are entered into or may be determined by reference to a specific formula set forth in the applicable purchase contracts.
The purchase contracts may be issued separately or as part of units consisting of a purchase contract and debt securities or debt obligations of third parties, including U.S. treasury securities, or any other securities described in the applicable prospectus supplement or any combination of the foregoing, securing the holders obligations to purchase the securities under the purchase contracts, which we refer to herein as purchase units. The purchase contracts may require holders to secure their obligations under the purchase contracts in a specified manner. The purchase contracts also may require us to make periodic payments to the holders of the purchase contracts or the purchase units, as the case may be, or vice versa, and those payments may be unsecured or pre-funded on some basis.
The prospectus supplement relating to any purchase contracts or purchase units we may offer will contain the specific terms of the purchase contracts or purchase units. These terms may include the following:
| whether the purchase contracts obligate the holder to purchase or sell, or both, our common stock, preferred stock or debt securities, and the nature and amount of each of those securities, or method of determining those amounts; |
| whether the purchase contracts are to be prepaid or not; |
| whether the purchase contracts are to be settled by delivery, or by reference or linkage to the value, performance or level of our common stock or preferred stock; |
| any acceleration, cancellation, termination or other provisions relating to the settlement of the purchase contracts; and |
| whether the purchase contracts will be issued in fully registered global form. |
The description in the applicable prospectus supplement of any purchase contract or purchase unit we offer will not necessarily be complete and will be qualified in its entirety by reference to the applicable purchase
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contract or purchase unit, which will be filed with the SEC if we offer purchase contracts or purchase units. For more information on how you can obtain copies of any purchase contract or purchase unit we may offer, see Where You Can Find More Information. We urge you to read the applicable purchase contract or applicable purchase unit and any applicable prospectus supplement in their entirety.
Information about selling security holders, where applicable, will be set forth in a prospectus supplement, in a post-effective amendment, or in filings we make with the SEC under the Exchange Act which are incorporated by reference.
We or the selling security holders may sell the securities offered pursuant to this prospectus in any of the following ways:
| directly to one or more purchasers; |
| through agents; |
| to or through underwriters, brokers or dealers; or |
| through a combination of any of these methods. |
In addition, we may enter into derivative or hedging transactions with third parties, or sell securities not covered by this prospectus to third parties in privately negotiated transactions. In connection with such a transaction, the third parties may sell securities covered by and pursuant to this prospectus and an applicable prospectus supplement or free writing prospectus, as the case may be. If so, the third party may use securities borrowed from us or others to settle such sales and may use securities received from us to close out any related short positions. We may also loan or pledge securities covered by this prospectus and an applicable prospectus supplement to third parties, who may sell the loaned securities or, in an event of default in the case of a pledge, sell the pledged securities pursuant to this prospectus and the applicable prospectus supplement or free writing prospectus, as the case may be.
We will identify the specific plan of distribution, including any underwriters, brokers, dealers, agents, selling security holders or direct purchasers and their compensation in a prospectus supplement, in a post-effective amendment, or in filings we make with the SEC under the Exchange Act which are incorporated by reference.
Unless otherwise indicated in the applicable prospectus supplement, Skadden, Arps, Slate, Meagher & Flom LLP, New York, New York will provide opinions regarding the authorization and validity of the securities. Skadden, Arps, Slate, Meagher & Flom LLP may also provide opinions regarding certain other matters. Any underwriters will also be advised about legal matters by their own counsel, which will be named in the prospectus supplement.
The financial statements of Express Scripts Holding Company incorporated in this prospectus by reference to Express Scripts Holding Companys Current Report on Form 8-K dated June 2, 2014 and managements assessment of the effectiveness of internal control over financial reporting (which is included in Managements Report on Internal Control Over Financial Reporting) incorporated in this prospectus by reference to the Annual
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Report on Form 10-K of Express Scripts Holding Company for the year ended December 31, 2013 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
The financial statements of Medco Health Solutions Inc. incorporated in this prospectus by reference to Express Scripts Holding Companys Current Report on Form 8-K dated June 2, 2014 have been so incorporated in reliance on the report of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
WHERE YOU CAN FIND MORE INFORMATION
We file annual, quarterly and current reports, proxy statements and other information with the SEC under the Exchange Act. You may inspect without charge any documents filed by us at the SECs Public Reference Room at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site, www.sec.gov, that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including Express Scripts Holding Company.
The SEC allows us to incorporate by reference information into this prospectus and any accompanying prospectus supplement, which means that we can disclose important information to you by referring you to other documents filed separately with the SEC. The information incorporated by reference is considered part of this prospectus, and information filed with the SEC subsequent to this prospectus and prior to the termination of the particular offering referred to in such prospectus supplement will automatically be deemed to update and supersede this information. We incorporate by reference into this prospectus and any accompanying prospectus supplement the documents listed below (excluding any portions of such documents that have been furnished but not filed for purposes of the Exchange Act):
| Our Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed on February 20, 2014 (except for the financial statements which have been superseded by the financial statements included in our Current Report on Form 8-K dated June 2, 2014); |
| Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2014, filed on April 29, 2014; |
| The portions of our Definitive Proxy Statement on Schedule 14A filed on March 25, 2014, that are incorporated by reference into Part III of our Annual Report on Form 10-K for the fiscal year ended December 31, 2013; |
| Our Current Reports on Form 8-K filed on January 14, 2014, January 28, 2014, March 5, 2014, March 24, 2014, May 8, 2014 and June 2, 2014; and |
| The description of our common stock as contained in our Prospectus dated November 15, 2011 (filed November 18, 2011) under the caption Description of New Express Scripts Capital Stock, as updated by our Report on Form 8-K filed April 2, 2012 under the caption Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, including any further amendment or report filed for the purpose of updating such description. |
We also incorporate by reference any future filings we make with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act between the date of this prospectus and the date all of the securities offered hereby are sold or the offering is otherwise terminated, with the exception of any information furnished under Item 2.02 and Item 7.01 of Form 8-K, which is not deemed filed and which is not incorporated by reference herein. Any such filings shall be deemed to be incorporated by reference and to be a part of this prospectus from the respective dates of filing of those documents.
We will provide without charge upon written or oral request to each person, including any beneficial owner, to whom a prospectus is delivered, a copy of any and all of the documents which are incorporated by reference
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into this prospectus but not delivered with this prospectus (other than exhibits unless such exhibits are specifically incorporated by reference in such documents).
You may request a copy of these documents by writing or telephoning us at:
Investor Relations
Express Scripts Holding Company
One Express Way
St. Louis, Missouri 63121
(314) 810-3123
investor.relations@express-scripts.com
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PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. | Other Expenses of Issuance and Distribution. |
The expenses relating to the registration of the securities will be borne by Express Scripts Holding Company (the Company). Such expenses are estimated to be as follows:
Amount to be Paid * |
||||
SEC Registration Fee |
$ | ** | ||
Accounting Fees and Expenses |
* | |||
Legal Fees and Expenses |
* | |||
Printing expenses |
* | |||
Transfer Agent, Registrar and Trustee Fees |
* | |||
Stock Exchange Listing Fee |
* | |||
Rating Agency Fees |
* | |||
Miscellaneous expenses |
* | |||
Total |
$ | |
* | Since an indeterminate amount of securities is covered by this registration statement, the expenses in connection with the issuance and distribution of the securities are not currently determinable. |
** | Deferred in accordance with Rule 456(b) and Rule 457(r) under the Securities Act. |
Item 15. | Indemnification of Directors and Officers. |
The Company is a Delaware corporation. Reference is made to Section 102(b)(7) of the General Corporation Law of the State of Delaware (the DGCL), which enables a corporation in its original certificate of incorporation or an amendment to eliminate or limit the personal liability of a director for violations of the directors fiduciary duty, except:
| for any breach of the directors duty of loyalty to the corporation or its stockholders; |
| for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; |
| pursuant to Section 174 of the DGCL (providing for liability of directors for unlawful payment of dividends or unlawful stock purchases or redemptions); or |
| for any transaction from which a director derived an improper personal benefit. |
Reference is also made to Section 145 of the DGCL, which provides that a corporation may indemnify any persons, including officers and directors, who are, or are threatened to be made, parties to any threatened, pending or completed legal action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation), by reason of the fact that such person is or was a director, officer, employee or agent of such corporation or is or was serving at the request of such corporation as a director, officer, employee or agent of another corporation or enterprise. The indemnity may include expenses (including attorneys fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided such director, officer, employee or agent acted in good faith and in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe that the persons conduct was unlawful. A Delaware corporation may indemnify officers and directors in an action by or in the right of the corporation under the same conditions, except that no indemnification is permitted without judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director is successful on the merits
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or otherwise in the defense of any action referred to above, the corporation must indemnify him against the expenses that such officer or director actually and reasonably incurred. The indemnification permitted under the DGCL is not exclusive, and a corporation is empowered to purchase and maintain insurance against liabilities whether or not indemnification would be permitted by statute.
The Companys Amended and Restated Certificate of Incorporation (as amended) provides that to the fullest extent permitted by the laws of the State of Delaware, as the same may be amended, a director of the Company shall not be personally liable to the Company or its stockholders for monetary damages for breach of any fiduciary duty as a director.
The Companys Amended and Restated Certificate of Incorporation (as amended) and Amended and Restated Bylaws provide for indemnification of its directors and officers to the fullest extent currently permitted by the DGCL. We also have indemnification agreements with our directors and executive officers. In addition, the Company maintains liability insurance for its directors and officers.
Item 16. | Exhibits. |
The Exhibits to this registration statement are listed in the Index to Exhibits on page II-54 and are incorporated by reference herein.
Item 17. | Undertakings. |
The undersigned registrants hereby undertake:
(A)(1)To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the Calculation of Registration Fee table in the effective registration statement.
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;
Provided, however, that paragraphs (A)(1)(i), (A)(1)(ii) and (A)(1)(iii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrants pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.
(2) | That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. |
(3) | To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. |
(4) | That, for the purpose of determining liability under the Securities Act to any purchaser: |
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A. Each prospectus filed by a registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and
B. Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; or
(5) | That, for the purpose of determining liability of a registrant under the Securities Act to any purchaser in the initial distribution of the securities, each undersigned registrant undertakes that in a primary offering of securities of an undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, each undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser: |
(i) Any preliminary prospectus or prospectus of an undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of an undersigned registrant or used or referred to by an undersigned registrant;
(iii) The portion of any other free writing prospectus relating to the offering containing material information about an undersigned registrant or its securities provided by or on behalf of an undersigned registrant; and
(iv) Any other communication that is an offer in the offering made by an undersigned registrant to the purchaser.
(B) The undersigned registrants hereby undertake that, for purposes of determining any liability under the Securities Act, each filing of any registrants annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plans annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(C) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of each registrant pursuant to the foregoing provisions, or otherwise, each registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of that registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in expression with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
II-3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS HOLDING COMPANY | ||||
By: | /s/ George Paz | |||
Name: | George Paz | |||
Title: | Chairman and Chief Executive Officer |
II-4
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ George Paz George Paz |
Chairman and Chief Executive Officer (Principal Executive Officer) |
June 2, 2014 | ||
/s/ Cathy R. Smith Cathy R. Smith |
Executive Vice President and Chief Financial Officer (Principal Financial Officer) |
June 2, 2014 | ||
/s/ Christopher Knibb Christopher K. Knibb |
Vice President and Chief Accounting Officer (Principal Accounting Officer) |
June 2, 2014 | ||
/s/ Gary G. Benanav Gary G. Benanav |
Director |
June 2, 2014 | ||
/s/ Maura C. Breen Maura C. Breen |
Director |
June 2, 2014 | ||
/s/ William J. DeLaney William J. DeLaney |
Director |
June 2, 2014 | ||
/s/ Nicholas J. LaHowchic Nicholas J. LaHowchic |
Director |
June 2, 2014 | ||
/s/ Thomas P. Mac Mahon Thomas P. Mac Mahon |
Director |
June 2, 2014 | ||
/s/ Frank Mergenthaler Frank Mergenthaler |
Director |
June 2, 2014 | ||
/s/ Woodrow A. Myers, Jr. Woodrow A. Myers, Jr. |
Director |
June 2, 2014 | ||
/s/ John O. Parker John O. Parker |
Director |
June 2, 2014 | ||
/s/ William L. Roper William L. Roper |
Director |
June 2, 2014 | ||
/s/ Seymour Sternberg Seymour Sternberg |
Director |
June 2, 2014 |
II-5
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
ESI PARTNERSHIP | ||||
By: | Express Scripts, Inc., as partner. | |||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President | |||
By: | ESI-GP Holdings, Inc., as partner. | |||
By: | /s/ Matt Dietrich | |||
Name: | Matt Dietrich | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Express Scripts, Inc. | June 2, 2014 | ||
Keith J. Ebling |
||||
/s/ Marcus Magnuson |
Director of ESI-GP Holdings, Inc. | June 2, 2014 | ||
Marcus Magnuson |
II-6
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS CANADA HOLDING CO. | ||||
By: | /s/ Michael Biskey | |||
Name: | Michael Biskey | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Michael Biskey |
President (Principal Executive Officer) | June 2, 2014 | ||
Michael Biskey | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Martin P. Akins |
Director | June 2, 2014 | ||
Martin P. Akins |
II-7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS CANADA HOLDING, LLC | ||||
By: Express Scripts Canada Holding Co., as sole member | ||||
By: | /s/ Michael Biskey | |||
Name: | Michael Biskey | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Michael Biskey |
President (Principal Executive Officer) | June 2, 2014 | ||
Michael Biskey | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Martin P. Akins |
Director of Express Scripts Canada Holding Co. | June 2, 2014 | ||
Martin P. Akins |
II-8
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS WC, INC. | ||||
By: | /s/ Edward B. Ignaczak | |||
Name: | Edward B. Ignaczak | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Edward B. Ignaczak |
President (Principal Executive Officer) | June 2, 2014 | ||
Edward B. Ignaczak | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Edward B. Ignaczak |
Director | June 2, 2014 | ||
Edward B. Ignaczak |
II-9
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS UTILIZATION MANAGEMENT CO. | ||||
By: | /s/ Christine Houston | |||
Name: | Christine Houston | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Christine Houston |
President (Principal Executive Officer) | June 2, 2014 | ||
Christine Houston | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director | June 2, 2014 | ||
Keith J. Ebling |
II-10
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS ADMINISTRATORS, LLC | ||||
MAH PHARMACY, L.L.C. | ||||
MEDCO CDUR, L.L.C. | ||||
MEDCO CHP, L.L.C. | ||||
MEDCO CONTINUATION HEALTH, L.L.C. | ||||
MEDCO EUROPE, L.L.C. | ||||
MEDCO HEALTH NEW YORK INDEPENDENT PRACTICE ASSOCIATION, L.L.C. | ||||
MEDCO HEALTH PUERTO RICO, L.L.C. | ||||
MEDCO HEALTH SOLUTIONS OF ILLINOIS, L.L.C. | ||||
MEDCO RESEARCH INSTITUTE, L.L.C. | ||||
MEDCOHEALTH.COM, L.L.C. | ||||
SYSTEMED, L.L.C. | ||||
By: | Medco Health Solutions, Inc. as sole member | |||
MEDCO EUROPE II, L.L.C. | ||||
By: | Medco Europe, L.L.C., as sole member. | |||
By: | Medco Health Solutions, Inc. as sole member of Medco Europe, L.L.C. | |||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Medco Health Solutions, Inc. | June 2, 2014 | ||
Keith J. Ebling |
II-11
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
ESI RESOURCES, INC. | ||||
ESI-GP HOLDINGS, INC. | ||||
By: | /s/ Matt Dietrich | |||
Name: | Matt Dietrich | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Matt Dietrich |
President (Principal Executive, Financial and Accounting Officer) | June 2, 2014 | ||
Matt Dietrich | ||||
/s/ Matt Dietrich |
Director | June 2, 2014 | ||
Matt Dietrich | ||||
/s/ Marcus Magnuson |
Director | June 2, 2014 | ||
Marcus Magnuson |
II-12
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
CURASCRIPT, INC. | ||||
ESI MAIL ORDER PROCESSING, INC. | ||||
ESI MAIL PHARMACY SERVICE, INC. | ||||
EXPRESS SCRIPTS SPECIALTY DISTRIBUTION SERVICES, INC. | ||||
By: | /s/ Christine Houston | |||
Name: | Christine Houston | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Christine Houston |
President (Principal Executive Officer) | June 2, 2014 | ||
Christine Houston | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Christine Houston |
Director | June 2, 2014 | ||
Christine Houston |
II-13
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
BYFIELD DRUG, INC. | ||||
CARE CONTINUUM, INC. | ||||
CFI OF NEW JERSEY, INC. | ||||
CHESAPEAKE INFUSION, INC. | ||||
CURASCRIPT PBM SERVICES, INC. | ||||
DIVERSIFIED PHARMACEUTICAL SERVICES, INC. | ||||
ESI ACQUISITION, INC. | ||||
ESI CLAIMS, INC. | ||||
EXPRESS SCRIPTS SENIOR CARE HOLDINGS, INC. | ||||
EXPRESS SCRIPTS SENIOR CARE, INC. | ||||
EXPRESS SCRIPTS SERVICES COMPANY | ||||
FRECO, INC. | ||||
HEALTHBRIDGE REIMBURSEMENT AND PRODUCT SUPPORT, INC. | ||||
HEALTHBRIDGE, INC. | ||||
IBIOLOGIC, INC. | ||||
IVTX, INC. | ||||
LYNNFIELD COMPOUNDING CENTER, INC. | ||||
LYNNFIELD DRUG, INC. | ||||
MEDCO HEALTH SOLUTIONS, INC. | ||||
NATIONAL PRESCRIPTION ADMINISTRATORS, INC. | ||||
PRIORITY HEALTHCARE CORPORATION | ||||
PRIORITY HEALTHCARE CORPORATION WEST | ||||
PRIORITY HEALTHCARE DISTRIBUTION, INC. | ||||
PRIORITY HEALTHCARE PHARMACY, INC. | ||||
PRIORITYHEALTHCARE.COM, INC. | ||||
SINUSPHARMACY, INC. | ||||
SPECIALTY INFUSION PHARMACY, INC. | ||||
SPECTRACARE HEALTH CARE VENTURES, INC. | ||||
SPECTRACARE INFUSION PHARMACY, INC. | ||||
SPECTRACARE, INC. | ||||
VALUE HEALTH, INC. | ||||
YOURPHARMACY.COM, INC. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director | June 2, 2014 | ||
Keith J. Ebling |
II-14
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
AIRPORT HOLDINGS, LLC | ||||
ESI REALTY, LLC | ||||
By: Express Scripts, Inc., as sole member. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ David Norton |
President (Principal Executive Officer) | June 2, 2014 | ||
David Norton | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Express Scripts, Inc. | June 2, 2014 | ||
Keith J. Ebling |
II-15
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
ESI HRA LLC | ||||
By: Express Scripts, Inc., as sole member. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Express Scripts, Inc. | June 2, 2014 | ||
Keith J. Ebling |
II-16
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
ESI ENTERPRISES, LLC | ||||
By: Express Scripts, Inc., as member. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President | |||
By: | Express Scripts Specialty Distribution Services, Inc., as member. | |||
By: | /s/ Christine Houston | |||
Name: | Christine Houston | |||
Title: | President | |||
By: | ESI Mail Pharmacy Service, Inc., as member. | |||
By: | /s/ Christine Houston | |||
Name: | Christine Houston | |||
Title: | President | |||
By: | ESI-GP Holdings, Inc. as member. | |||
By: | /s/ Matt Dietrich | |||
Name: | Matt Dietrich | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Express Scripts, Inc. | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christine Houston |
Director of Express Scripts Specialty Distribution Services, Inc. | June 2, 2014 | ||
Christine Houston | ||||
/s/ Christine Houston |
Director of ESI Mail Pharmacy Service, Inc. | June 2, 2014 | ||
Christine Houston | ||||
/s/ Matt Dietrich |
Director of ESI-GP Holdings, Inc. | June 2, 2014 | ||
Matt Dietrich | ||||
/s/ Marcus Magnuson |
Director of ESI-GP Holdings, Inc. | June 2, 2014 | ||
Marcus Magnuson |
II-17
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS PHARMACEUTICAL PROCUREMENT, LLC | ||||
By: Express Scripts, Inc., as member. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President | |||
By: | ESI Mail Pharmacy Service, Inc., as member. | |||
By: | /s/ Christine Houston | |||
Name: | Christine Houston | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Express Scripts, Inc. | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christine Houston |
Director of ESI Mail Pharmacy Service, Inc. | June 2, 2014 | ||
Christine Houston |
II-18
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
MOORESVILLE ON-SITE PHARMACY, LLC | ||||
By: ESI Mail Pharmacy Service, Inc., as sole member. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Christine Houston |
President (Principal Executive Officer) | June 2, 2014 | ||
Christine Houston | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Christine Houston |
Director of ESI Mail Pharmacy Service, Inc. | June 2, 2014 | ||
Christine Houston |
II-19
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
ACCREDO CARE NETWORK, INC. | ||||
ACCREDO HEALTH, INCORPORATED | ||||
HOME HEALTHCARE RESOURCES, INC. | ||||
MEDCO HEALTH SERVICES, INC. | ||||
NATIONAL RX SERVICES NO. 3, INC. OF OHIO | ||||
THERAPEASE CUISINE, INC. | ||||
TVC ACQUISITION CO., INC. | ||||
UNITED BIOSOURCE HOLDINGS, INC. | ||||
UNITED BIOSOURCE PATIENT SOLUTIONS, INC. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Martin P. Akins |
Director | June 2, 2014 | ||
Martin P. Akins |
II-20
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
ACCREDO HEALTH GROUP, INC. | ||||
AHG OF NEW YORK, INC. | ||||
BIO PARTNERS IN CARE, INC. | ||||
UBC LATE STAGE, INC. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Martin P. Akins |
Director | June 2, 2014 | ||
Martin P. Akins |
II-21
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS PHARMACY, INC. | ||||
By: | /s/ Christine Houston | |||
Name: | Christine Houston | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Christine Houston |
President (Principal Executive Officer) | June 2, 2014 | ||
Christine Houston | ||||
/s/ Christopher Knibb |
Vice President (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Christine Houston |
Director | June 2, 2014 | ||
Christine Houston |
II-22
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS, INC. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director | June 2, 2014 | ||
Keith J. Ebling |
II-23
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
MEDCO OF WILLINGBORO URBAN RENEWAL, L.L.C. | ||||
By: Express Scripts Pharmacy, Inc., as sole member. | ||||
By: | /s/ Christine Houston | |||
Name: | Christine Houston | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Christine Houston |
Director of Express Scripts Pharmacy, Inc. | June 2, 2014 | ||
Christine Houston |
II-24
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
THE VACCINE CONSORTIUM, LLC | ||||
By: TVC Acquisition Co, Inc., as sole member | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Martin P. Akins |
Director of TVC Acquisition Co, Inc. | June 2, 2014 | ||
Martin P. Akins |
II-25
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
UNITED BIOSOURCE LLC | ||||
By: United BioSource Holdings, Inc., as sole member. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Martin P. Akins |
Director of United BioSource Holdings, Inc. | June 2, 2014 | ||
Martin P. Akins |
II-26
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
SPECTRACARE OF INDIANA | ||||
By: Spectracare, Inc., as partner. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President | |||
By: Care Continuum, Inc., as partner. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Spectracare, Inc. | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Keith J. Ebling |
Director of Care Continuum, Inc. | June 2, 2014 | ||
Keith J. Ebling |
II-27
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
EXPRESS SCRIPTS MSA, LLC | ||||
By: Express Scripts WC, Inc., as sole member | ||||
By: | /s/ Edward B. Ignaczak | |||
Name: | Edward B. Ignaczak | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Edward B. Ignaczak |
Director of Express Scripts WC, Inc. | June 2, 2014 | ||
Edward B. Ignaczak |
II-28
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
FREEDOM SERVICE COMPANY, LLC | ||||
By: Lynnfield Drug, Inc., as sole member | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Lynnfield Drug, Inc. | June 2, 2014 | ||
Keith J. Ebling |
II-29
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on June 2, 2014.
MATRIX GPO LLC | ||||
By: Priority Healthcare Corporation, as sole member. | ||||
By: | /s/ Keith J. Ebling | |||
Name: | Keith J. Ebling | |||
Title: | President |
SIGNATURES AND POWER OF ATTORNEY
In accordance with the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates stated. Each person whose signature appears below constitutes and appoints Keith J. Ebling and Martin P. Akins and each of them severally, as his or her true and lawful attorney-in-fact and agent, each acting along with full power of substitution and resubstitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any or all amendments (including post-effective amendments) and exhibits to the Registration Statement on Form S-3, and to any registration statement filed under SEC Rule 462, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the SEC, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
Name |
Title |
Date | ||
/s/ Keith J. Ebling |
President (Principal Executive Officer) | June 2, 2014 | ||
Keith J. Ebling | ||||
/s/ Christopher Knibb |
Vice President and Treasurer (Principal Financial and Accounting Officer) | June 2, 2014 | ||
Christopher Knibb | ||||
/s/ Keith J. Ebling |
Director of Priority Healthcare Corporation | June 2, 2014 | ||
Keith J. Ebling |
II-30
EXHIBIT INDEX
Exhibit Number |
||
1.1 | Form of Underwriting Agreement.* | |
4.1 | Specimen Preferred Stock Certificate and Form of Certificate of Designation, Preferences and Rights with respect to any series of Preferred Stock issued hereunder.* | |
4.2 | Indenture, dated as of November 21, 2011, by and among Express Scripts Holding Company, the guarantors named therein and Wells Fargo Bank, National Association, as trustee (including form of Debt Security), incorporated by reference to Exhibit 4.1 to Express Scripts, Inc.s Current Report on Form 8-K filed November 25, 2011, File No. 000-20199. | |
4.3 | Form of Warrant Agreement (including form of Warrant Certificate).* | |
4.4 | Form of Subscription Rights Agreement (including form of Subscription Rights Certificate).* | |
4.5 | Form of Stock Purchase Contract (including form of Stock Purchase Contract Certificate).* | |
4.6 | Form of Stock Purchase Unit Agreement (including form of Stock Purchase Unit Certificate).* | |
5.1 | Opinion of Skadden, Arps, Slate, Meagher & Flom LLP. | |
12.1 | Statement re: Computation of Ratio of Earnings to Fixed Charges. | |
23.1 | Consent of PricewaterhouseCoopers LLP, an independent registered public accounting firm. | |
23.2 | Consent of PricewaterhouseCoopers LLP, an independent registered public accounting firm. | |
23.3 | Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.1). | |
24.1 | Power of Attorney (included on signature pages hereto). | |
25.1 | Form T-1 Statement of Eligibility under the Trust Indenture Act of 1939, of Wells Fargo Bank, National Association, as Trustee under the Indenture. |
* | To be filed by amendment to the Registration Statement or incorporated by reference from documents filed or to be filed with the SEC under the Securities Exchange Act of 1934, as amended. |
II-54
Exhibit 5.1
[Letterhead of Skadden, Arps, Slate, Meagher & Flom, LLP]
June 2, 2014
Express Scripts Holding Company
One Express Way
St. Louis, Missouri 63121
Re: | Express Scripts Holding Company |
Registration Statement on Form S-3 |
Ladies and Gentlemen:
We have acted as special counsel to Express Scripts Holding Company, a Delaware corporation (the Company), in connection with the registration statement on Form S-3 (the Registration Statement) to be filed on the date hereof by the Company and the Guarantors listed on Schedule I hereto (collectively, the Guarantors) with the Securities and Exchange Commission (the Commission) under the Securities Act of 1933, as amended (the Securities Act). The Registration Statement relates to the issuance and sale by the Company from time to time, pursuant to Rule 415 of the General Rules and Regulations of the Commission promulgated under the Securities Act (the Rules and Regulations), of: (i) shares of common stock, par value $0.01 per share, of the Company (Common Stock), (ii) shares of preferred stock of the Company (Preferred Stock), which may be issued in one or more series, (iii) senior debt securities, subordinated debt securities or junior subordinated debt securities of the Company (collectively, Debt Securities), which may be issued in one or more series under the indenture, dated as of November 21, 2011 (the Indenture), between the Company, the Guarantors and Wells Fargo Bank, National Association, as trustee (the Trustee), which is filed as an exhibit to the Registration Statement, (iv) warrants to purchase shares of Common Stock, shares of Preferred Stock or Debt Securities (Warrants), which may be issued pursuant to one or more warrant agreements (each, a Warrant Agreement) proposed to be entered into by the Company and one or more warrant agents to be named therein (each, a Warrant Agent), (v) subscription rights to purchase shares of Common Stock, shares of Preferred Stock, Debt Securities or other securities (Subscription Rights), which may be issued under one or more subscription rights certificates (each, a Subscription Rights Certificate) and/or pursuant to one or more subscription rights agreements (each, a Subscription Rights Agreement) proposed to be entered into by the Company and one or more subscription agents to be named therein (each, a Subscription Agent), (vi) purchase contracts (Purchase Contracts) obligating the holders
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June 2, 2014
Page 2
thereof to purchase from the Company, and the Company to sell to such holders, shares of common stock, shares of preferred stock or debt securities issued by the Company or by third parties at a future date or dates, which may be issued pursuant to one or more purchase contract agreements (each, a Purchase Contract Agreement) proposed to be entered into by the Company and one or more purchase contract agents to be named therein (each, a Purchase Contract Agent), (vii) purchase units of the Company (Purchase Units), each consisting of a Purchase Contract and Debt Securities or debt obligations of third parties, including U.S. treasury securities, or any other securities or any combination of the foregoing, which may be issued pursuant to one or more agreements (each, a Purchase Unit Agreement) proposed to be entered into by the Company and one or more purchase unit agents to be named therein (each, a Purchase Unit Agent), and (viii) such indeterminate number of shares of Common Stock or Preferred Stock and amount of Debt Securities as may be issued upon conversion, exchange or exercise, as applicable, of any Preferred Stock, Debt Securities, Warrants or Subscription Rights or settlement of any Purchase Contracts or Purchase Units, including such shares of Common Stock or Preferred Stock as may be issued pursuant to anti-dilution adjustments determined at the time of offering (collectively, Indeterminate Securities). The Registration Statement also relates to the issuance and sale from time to time by the Guarantors of guarantees of the Debt Securities (Guarantees). The Common Stock, Preferred Stock, Debt Securities, Warrants, Subscription Rights, Purchase Contracts, Purchase Units, Indeterminate Securities and Guarantees offered pursuant to the Registration Statement are collectively referred to herein as the Securities.
This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Securities Act.
In rendering the opinions stated herein, we have examined and relied upon the following:
(a) the Registration Statement;
(b) an executed copy of the Indenture;
(c) an executed copy of a certificate for each Opinion Party (as defined below) of the Secretary or Assistant Secretary, as applicable, of each Opinion Party, dated the date hereof (collectively, the Secretarys Certificates);
(d) copies of each Opinion Partys articles of incorporation, certificate of incorporation, certificate of formation or articles of organization, as applicable, certified by the Secretary of State of each such Opinion Partys applicable jurisdiction of formation or organization, as applicable, and certified pursuant to the Secretarys Certificates, as applicable;
(e) a copy of the Companys by-laws, as amended and in effect on the date hereof, certified pursuant to the Companys Secretarys Certificate;
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June 2, 2014
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(f) a copy of the by-laws, limited liability company agreement or partnership agreement, as applicable, in each case as amended and in effect as of the date hereof, of each Opinion Party Guarantor, as described on Schedule II hereto, certified pursuant to the Secretarys Certificates, as applicable;
(g) a copy of certain resolutions of the board of directors of the Company (the Board of Directors), adopted on May 7, 2014, certified pursuant to the Companys Secretarys Certificate; and
(h) copies of certain resolutions of the board of directors, board of managers, general partner or other managing body, as applicable, of each Opinion Party Guarantor, as described on Schedule II hereto, certified pursuant to the Secretarys Certificates, as applicable.
We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and the Guarantors and such agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Company and the Guarantors and others, and such other documents as we have deemed necessary or appropriate as a basis for the opinions stated below.
In our examination, we have assumed the genuineness of all signatures, including endorsements, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photostatic copies, and the authenticity of the originals of such copies. As to any facts relevant to the opinions stated herein that we did not independently establish or verify, we have relied upon statements and representations of officers and other representatives of the Company and the Guarantors and others and of public officials.
We do not express any opinion with respect to the laws of any jurisdiction other than (i) the laws, of the State of New York, (ii) the General Corporation Law of the State of Delaware (the DGCL), the Delaware Limited Liability Company Act (the DLLCA), the Delaware Revised Uniform Partnership Act (DRUPA), the Massachusetts Business Corporation Act (the MBCA) and the Business Corporation Law of the State of New York (NYBCL), and (iii) to the extent that judicial or regulatory orders or decrees or consents, approvals, licenses, authorizations, validations, filings, recordings or registrations with governmental authorities are relevant, to those required under such laws (all of the foregoing being referred to as Opined on Law). We do not express any opinion as to the effect of any non-Opined on Law on the opinions stated herein. The Securities may be issued from time to time on a delayed or continuous basis, and this opinion is limited to the laws, including the rules and regulations, as in effect on the date hereof, which laws are subject to change with possible retroactive effect.
As used herein, (i) Opinion Parties means the Company and the Opinion Party Guarantors, (ii) Opinion Party Guarantors means the Delaware Opinion Party Guarantors, the Massachusetts Opinion Party Guarantors and the New York Opinion Party Guarantors, (iii)
Express Scripts Holding Company
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Delaware Opinion Party Guarantors means each of the entities listed on Schedule II hereto under the headings Delaware Corporate Party Guarantors, Delaware Partnership Party Guarantors and Delaware LLC Party Guarantor, (iv) Massachusetts Opinion Party Guarantors means the entities listed on Schedule II hereto under the heading Massachusetts Opinion Party Guarantors, and (v) New York Opinion Party Guarantors means the entities listed on Schedule II hereto under the heading New York Opinion Party Guarantors. Non-Opinion Party Guarantors means each of the Guarantors listed on Schedule III hereto. Transaction Agreements means the Indenture and the supplemental indentures and officers certificates thereto, the Guarantees, the Warrant Agreements, the Subscription Rights Agreements, the Purchase Contract Agreements and the Purchase Unit Agreements.
Based upon the foregoing and subject to the qualifications and assumptions stated herein, we are of the opinion that:
1. With respect to any shares of Common Stock offered by the Company, including any Indeterminate Securities constituting Common Stock (the Offered Common Stock), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Common Stock has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Common Stock is to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Common Stock has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) the Board of Directors of the Company, including any appropriate committee appointed thereby, have taken all necessary corporate action to approve the issuance and sale of the Offered Common Stock and related matters and appropriate officers of the Company have taken all related action as directed by or under the direction of the Board of Directors of the Company; (v) the terms of the issuance and sale of the Offered Common Stock have been duly established in conformity with the certificate of incorporation and by-laws of the Company so as not to violate any applicable law, the certificate of incorporation and by-laws of the Company or result in a default under or breach of any agreement or instrument binding upon the Company, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company; (vi) if the Offered Common Stock is to be certificated, certificates in the form required under the DGCL representing the shares of Offered Common Stock are duly executed and countersigned; and (vii) the shares of Offered Common Stock are registered in the Companys share registry and delivered upon payment of the agreed-upon consideration therefor, the shares of Offered Common Stock, when issued and sold or otherwise distributed in accordance with the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, will be duly authorized by all requisite corporate action on the part of the Company under the DGCL and validly issued, fully paid and nonassessable, provided that the consideration therefor is not less than $0.01 per share of Common Stock.
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2. With respect to the shares of any series of Preferred Stock offered by the Company, including any Indeterminate Securities constituting Preferred Stock of such series (the Offered Preferred Stock), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Preferred Stock has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Preferred Stock is to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Preferred Stock has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve the issuance, sale and terms of the Offered Preferred Stock and related matters, including the adoption of a Certificate of Designation for the Offered Preferred Stock in accordance with the applicable provisions of the DGCL (the Certificate); (v) the filing of the Certificate with the Secretary of State of the State of Delaware has duly occurred; (vi) the terms of the Offered Preferred Stock and of their issuance and sale have been duly established in conformity with the certificate of incorporation and by-laws of the Company, including the Certificate relating to the Offered Preferred Stock, so as not to violate any applicable law, the certificate of incorporation or by-laws of the Company or result in a default under or breach of any agreement or instrument binding upon the Company, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company; (vii) if the Offered Preferred Stock is to be certificated, certificates in the form required under the DGCL representing the shares of Offered Preferred Stock are duly executed and countersigned; and (viii) the shares of Offered Preferred Stock are registered in the Companys share registry and delivered upon payment of the agreed-upon consideration therefor, the shares of Offered Preferred Stock, when issued and sold or otherwise distributed in accordance with the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, will be duly authorized by all requisite corporate action on the part of the Company under the DGCL and validly issued, fully paid and nonassessable.
3. With respect to any series of Debt Securities offered by the Company, including any Indeterminate Securities constituting Debt Securities of such series (the Offered Debt Securities), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Debt Securities has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Debt Securities are to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Debt Securities has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) the Indenture and any officers certificate or supplemental indenture establishing the terms of the Offered Debt Securities has been duly authorized,
Express Scripts Holding Company
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executed and delivered by the Company and any other parties thereto; (v) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve the issuance, sale and terms of the Offered Debt Securities and related matters in conformity with the Indenture and any such officers certificate or supplemental indenture; (vi) the terms of the Offered Debt Securities and of their issuance and sale have been duly established in conformity with the Indenture and any officers certificate or supplemental indenture establishing the terms of such Offered Debt Securities so as not to violate any applicable law, the certificate of incorporation and by-laws of the Company or result in a default under or breach of any agreement or instrument binding upon the Company, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company; and (viii) the certificates evidencing the Offered Debt Securities have been issued in a form that complies with the provisions of the Indenture and any officers certificate or supplemental indenture establishing the terms of such Offered Debt Securities and have been duly executed and authenticated in accordance with the provisions of the Indenture and any such officers certificate or supplemental indenture and duly delivered to the purchasers thereof upon payment of the agreed-upon consideration therefor, the Offered Debt Securities, when issued and sold or otherwise distributed in accordance with the Indenture and such officers certificate or supplemental indenture and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms under the laws of the State of New York.
4. With respect to any Guarantee offered by any Guarantor of any series of Offered Debt Securities, including any Guarantee of any Indeterminate Securities constituting Offered Debt Securities of such series (the Offered Guarantees), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Debt Securities and the Offered Guarantees has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Guarantees are to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Debt Securities has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) the Indenture and any officers certificate or supplemental indenture establishing the terms of the Offered Debt Securities and the Offered Guarantees has been duly authorized, executed and delivered by the Company and any other parties thereto; (v) the board of directors, board of managers, general partner or other managing body, as applicable, of such Guarantor, including any appropriate committee appointed thereby, and appropriate officers of such Guarantor have taken all necessary corporate, limited liability company or limited partnership, as applicable, action to approve the issuance, sale and terms of the Offered Guarantees and related matters in conformity with the Indenture and any such officers certificate or supplemental indenture; (vi) the terms of the Offered Guarantees and of their issuance and sale have been duly established in conformity with the Indenture and any officers certificate or supplemental indenture establishing
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the terms of such Offered Guarantees so as not to violate any applicable law, the articles of incorporation, certificate of incorporation, certificate of formation, articles of organization, by-laws, limited liability company agreement or partnership agreement, as applicable, of such Guarantor or result in a default under or breach of any agreement or instrument binding upon such Guarantor, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over such Guarantor; and (viii) the Offered Guarantees have been duly executed and delivered in accordance with the provisions of the Indenture and any such officers certificate or supplemental indenture and duly issued in accordance with the Indenture and such officers certificate or supplemental indenture and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, the Offered Guarantees will constitute valid and binding obligations of such Guarantor, enforceable against such Guarantor in accordance with their respective terms under the laws of the State of New York.
5. With respect to any Warrants offered by the Company (the Offered Warrants), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Warrants has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Warrants are to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Warrants has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) a Warrant Agreement relating to the Offered Warrants has been duly authorized, executed and delivered by the Company and the other parties thereto; (v) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve the issuance, sale and terms of the Offered Warrants and related matters; (vi) the terms of the Offered Warrants and of their issuance and sale have been duly established in conformity with the applicable Warrant Agreement so as not to violate any applicable law, the certificate of incorporation and by-laws of the Company or result in a default under or breach of any agreement or instrument binding upon the Company, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company; (vii) the Common Stock, Preferred Stock and Debt Securities for which the Offered Warrants are exercisable have been duly authorized for issuance by the Company; and (viii) the Offered Warrants have been duly executed, delivered and countersigned in accordance with the provisions of the applicable Warrant Agreement, the Offered Warrants, when issued and sold or otherwise distributed in accordance with the provisions of the applicable Warrant Agreement and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms under the laws of the State of New York.
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6. With respect to any Subscription Rights offered by the Company (the Offered Subscription Rights), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Subscription Rights has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Subscription Rights are to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Subscription Rights has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) a Subscription Rights Agreement relating to the Offered Subscription Rights has been duly authorized, executed and delivered by the Company and the other parties thereto; (v) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve the issuance, sale and terms of the Offered Subscription Rights and related matters; (vi) the terms of the Offered Subscription Rights and of their issuance and sale have been duly established in conformity with the applicable Subscription Rights Agreement and Subscription Rights Certificate so as not to violate any applicable law, the certificate of incorporation and by-laws of the Company or result in a default under or breach of any agreement or instrument binding upon the Company, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company and the applicable Subscription Agent; (vii) the Common Stock, Preferred Stock, Debt Securities and other securities relating to such Offered Subscription Rights have been duly authorized for issuance by the Company or by third parties, as applicable; and (viii) the Subscription Rights Certificates have been duly executed, delivered and countersigned in accordance with the provisions of the applicable Subscription Rights Agreement, the Offered Subscription Rights, when issued and sold or otherwise distributed in accordance with the provisions of the applicable Subscription Rights Agreement and Subscription Rights Certificate and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms under the laws of the State of New York.
7. With respect to any Purchase Contracts offered by the Company (the Offered Purchase Contracts), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Purchase Contracts has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Purchase Contracts are to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Purchase Contracts has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) a Purchase Contract Agreement relating to the Offered Purchase Contracts has been duly authorized, executed and delivered by the Company and the other parties thereto; (v) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have
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Page 9
taken all necessary corporate action to approve the issuance, sale and terms of the Offered Purchase Contracts and related matters; (vi) the terms of the Offered Purchase Contracts and of their issuance and sale have been duly established in conformity with the applicable Purchase Contract Agreement so as not to violate any applicable law, the certificate of incorporation of the Company or result in a default under or breach of any agreement or instrument binding upon the Company, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company and the applicable Purchase Contract Agent; (vii) the common stock, preferred stock and debt securities relating to such Offered Purchase Contracts have been duly authorized for issuance by the Company or by third parties, as applicable; and (viii) the Offered Purchase Contracts have been duly executed, delivered and countersigned in accordance with the provisions of the applicable Purchase Contract Agreement, the Offered Purchase Contracts, when issued and sold or otherwise distributed in accordance with the provisions of the applicable Purchase Contract Agreement and the applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms under the laws of the State of New York.
8. With respect to any Purchase Units offered by the Company (the Offered Purchase Units), when (i) the Registration Statement, as finally amended (including all necessary post-effective amendments), has become effective under the Securities Act; (ii) an appropriate prospectus supplement or term sheet with respect to the Offered Purchase Units has been prepared, delivered and filed in compliance with the Securities Act and the applicable Rules and Regulations; (iii) if the Offered Purchase Units are to be sold or otherwise distributed pursuant to a firm commitment underwritten offering, the underwriting agreement with respect to the Offered Purchase Units has been duly authorized, executed and delivered by the Company and the other parties thereto; (iv) the Board of Directors of the Company, including any appropriate committee appointed thereby, and appropriate officers of the Company have taken all necessary corporate action to approve the issuance, sale and terms of the Offered Purchase Units and related matters; (vi) the terms of the Offered Purchase Units and the related Purchase Contract and Debt Securities or debt obligations of third parties, including U.S. treasury securities, or other securities and of their issuance and sale have been duly established in conformity with the applicable Purchase Unit Agreement so as not to violate any applicable law, the certificate of incorporation and by-laws of the Company or result in a default under or breach of any agreement or instrument binding upon the Company, and so as to comply with any requirement or restriction imposed by any court or governmental body having jurisdiction over the Company and the applicable Purchase Unit Agent; (vii) the Purchase Contract and Debt Securities or debt obligations of third parties, including U.S. treasury securities, or other securities included in such Offered Purchase Units have been duly authorized for issuance by the Company or by third parties, as applicable; and (viii) the Offered Purchase Units have been duly executed, delivered and countersigned in accordance with the provisions of the applicable Purchase Unit Agreement, the Offered Purchase Units, when issued and sold or otherwise distributed in accordance with the provisions of the applicable Purchase Unit Agreement and the
Express Scripts Holding Company
June 2, 2014
Page 10
applicable underwriting agreement, if any, or any other duly authorized, executed and delivered valid and binding agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms under the laws of the State of New York.
The opinions stated herein are subject to the following qualifications:
(a) the opinions stated herein are limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent transfer, preference and other similar laws affecting creditors rights generally, and by general principles of equity (regardless of whether enforcement is sought in equity or at law);
(b) we do not express any opinion with respect to any law, rule or regulation that is applicable to any party to any of the Transaction Agreements or the transactions contemplated thereby solely because such law, rule or regulation is part of a regulatory regime applicable to any such party or any of its affiliates as a result of the specific assets or business operations of such party or such affiliates;
(c) except to the extent expressly stated in the opinions contained herein, we have assumed that each of the Transaction Agreements constitutes the valid and binding obligation of each party to such Transaction Agreement, enforceable against such party in accordance with its terms;
(d) we do not express any opinion with respect to the enforceability of any provision contained in any Transaction Agreement relating to any indemnification, contribution, exculpation, release or waiver that may be contrary to public policy or violative of federal or state securities laws, rules or regulations;
(e) we have assumed that the choice of New York law to govern the Indenture and any supplemental indenture thereto is a valid and legal provision;
(f) we have assumed that the laws of the State of New York will be chosen to govern any Warrant Agreements, Subscription Rights Agreements, Purchase Contract Agreements and Purchase Unit Agreements and that such choice is and will be a valid and legal provision;
(g) we have assumed that any Debt Securities, Warrants, Subscription Rights, Purchase Contracts and Purchase Units that may be issued will be manually authenticated, signed or countersigned, as the case may be, by duly authorized officers of any Trustee, Warrant Agent, Subscription Agent, Purchase Contract Agent and Purchase Unit Agent, as the case may be;
(h) we have assumed that the limited liability company agreement and the partnership agreement, as applicable, of the applicable Delaware Opinion Party Guarantor set forth on Schedule II is the only limited liability company agreement or partnership agreement, as applicable, as defined under the DLLCA or the DRUPA, as applicable, of such Delaware Opinion Party Guarantor;
Express Scripts Holding Company
June 2, 2014
Page 11
(i) we do not express any opinion with respect to the enforceability of applicable provisions contained in the Offered Guarantees, the Indenture and the supplemental indentures and officers certificates thereto to the extent that such provisions provide that the obligations of the Guarantors are absolute and unconditional irrespective of the enforceability or genuineness of the Indenture or the effect thereof on the opinions herein stated;
(j) we do not express any opinion with respect to the enforceability of applicable provisions contained in the Offered Guarantees, the Indenture and the supplemental indentures and officers certificates thereto to the extent that such provisions limit the obligation of the Guarantors under the Offered Guarantees to a level that would not constitute a fraudulent conveyance;
(k) to the extent that any opinion relates to the enforceability of the choice of New York law and choice of New York forum provisions contained in any Transaction Agreement, the opinions stated herein are subject to the qualification that such enforceability may be subject to, in each case, (i) the exceptions and limitations in New York General Obligations Law sections 5-1401 and 5-1402 and (ii) principles of comity or constitutionality.
In addition, in rendering the foregoing opinions we have assumed that:
(a) each Non-Opinion Party Guarantor (i) is duly incorporated or formed, as applicable, and is validly existing and in good standing, (ii) has requisite legal status and legal capacity under the laws of the jurisdiction of its organization or formation, as applicable, and (iii) has complied and will comply with all aspects of the laws of the jurisdiction of its organization or formation, as applicable, in connection with the transactions contemplated by, and the performance of its obligations under, the Transaction Agreements to which such Non-Opinion Party Guarantor is a party;
(b) each Non-Opinion Party Guarantor has the corporate or limited liability company, as applicable, power and authority to execute, deliver and perform all its obligations under each of the Transaction Agreements to which such Non-Opinion Party Guarantor is a party;
(c) neither the execution and delivery by the Company and each Guarantor of the Transaction Agreements to which the Company or such Guarantor is a party nor the consummation by the Company and such Guarantor of the transactions contemplated thereby, including the issuance and sale of the applicable Securities: (i) conflicts or will conflict with the articles of incorporation, certificate of incorporation, certificate of formation, articles of
Express Scripts Holding Company
June 2, 2014
Page 12
organization, by-laws, limited liability company agreement or partnership agreement, as applicable, of the Company or any Guarantor, (ii) constitutes or will constitute a violation of, or a default under, any lease, indenture, instrument or other agreement to which the Company or any Guarantor or its property is subject, (iii) contravenes or will contravene any order or decree of any governmental authority to which the Company or any Guarantor or its property is subject, or (iv) violates or will violate any law, rule or regulation to which the Company or any Guarantor or its property is subject (except that we do not make the assumption set forth in this clause (iv) with respect to the Opined-on Law); and
(d) neither the execution and delivery by the Company or any Guarantor of the Transaction Agreements to which the Company or such Guarantor is a party nor the consummation by the Company and such Guarantor of the transactions contemplated thereby, including the issuance and sale of the applicable Securities, requires or will require the consent, approval, licensing or authorization of, or any filing, recording or registration with, any governmental authority under any law, rule or regulation of any jurisdiction.
We hereby consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. We also hereby consent to the reference to our firm under the heading Legal Matters in the prospectus forming part of the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations. This opinion is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable laws.
Very truly yours, |
/s/ Skadden, Arps, Slate, Meagher & Flom LLP |
Schedule I
Guarantors
Legal Name |
Type of Entity |
Jurisdiction of Incorporation Formation | ||
Accredo Care Network, Inc. |
Corporation | Delaware | ||
Accredo Health Group, Inc. |
Corporation | Delaware | ||
Accredo Health, Incorporated |
Corporation | Delaware | ||
Ahg Of New York, Inc. |
Corporation | New York | ||
Airport Holdings, LLC |
Limited Liability Company | New Jersey | ||
Bio Partners In Care, Inc. |
Corporation | Missouri | ||
Byfield Drug, Inc. |
Corporation | Massachusetts | ||
Care Continuum, Inc. |
Corporation | Kentucky | ||
CFI of New Jersey, Inc. |
Corporation | New Jersey | ||
Chesapeake Infusion, Inc. |
Corporation | Florida | ||
CuraScript PBM Services, Inc. |
Corporation | Delaware | ||
CuraScript, Inc. |
Corporation | Delaware | ||
Diversified Pharmaceutical Services, Inc. |
Corporation | Minnesota | ||
ESI Acquisition, Inc. |
Corporation | New York | ||
ESI Claims, Inc. |
Corporation | Delaware | ||
ESI Enterprises, LLC |
Limited Liability Company | Delaware | ||
ESI HRA, LLC |
Limited Liability Company | Delaware | ||
ESI Mail Order Processing, Inc. |
Corporation | Delaware | ||
ESI Mail Pharmacy Service, Inc. |
Corporation | Delaware | ||
ESI Partnership |
General Partnership | Delaware | ||
ESI Realty, LLC |
Limited Liability Company | New Jersey | ||
ESI Resources, Inc. |
Corporation | Minnesota | ||
ESI-GP Holdings, Inc. |
Corporation | Delaware | ||
Express Scripts Administrators, LLC |
Limited Liability Company | Delaware | ||
Express Scripts Canada Holding, Co. |
Corporation | Delaware | ||
Express Scripts Canada Holding, LLC |
Limited Liability Company | Delaware | ||
Express Scripts MSA, LLC |
Limited Liability Company | Florida | ||
Express Scripts Pharmaceutical Procurement, LLC |
Limited Liability Company | Delaware | ||
Express Scripts Pharmacy, Inc. |
Corporation | Delaware | ||
Express Scripts Senior Care Holdings, Inc. |
Corporation | Delaware | ||
Express Scripts Senior Care, Inc. |
Corporation | Delaware | ||
Express Scripts Services Company |
Corporation | Delaware | ||
Express Scripts Specialty Distribution Services, Inc. |
Corporation | Delaware |
I-1
Express Scripts Utilization Management Co. |
Corporation | Delaware | ||
Express Scripts WC, Inc. |
Corporation | Florida | ||
Express Scripts, Inc. |
Corporation | Delaware | ||
Freco, Inc. |
Corporation | Florida | ||
Freedom Service Company, LLC |
Limited Liability Company | Florida | ||
Healthbridge Reimbursement and Product Support, Inc. |
Corporation | Massachusetts | ||
Healthbridge, Inc. |
Corporation | Delaware | ||
Home Healthcare Resources, Inc. |
Corporation | Pennsylvania | ||
iBiologic, Inc. |
Corporation | Delaware | ||
IVTx, Inc. |
Corporation | Delaware | ||
Lynnfield Compounding Center, Inc. |
Corporation | Florida | ||
Lynnfield Drug, Inc. |
Corporation | Florida | ||
MAH Pharmacy, L.L.C. |
Limited Liability Company | Delaware | ||
Matrix GPO LLC |
Limited Liability Company | Indiana | ||
Medco CDUR, L.L.C. |
Limited Liability Company | Delaware | ||
Medco CHP, L.L.C. |
Limited Liability Company | Delaware | ||
Medco Continuation Health, L.L.C. |
Limited Liability Company | Delaware | ||
Medco Europe , L.L.C. |
Limited Liability Company | Delaware | ||
Medco Europe II, L.L.C. |
Limited Liability Company | Delaware | ||
Medco Health New York Independent Practice Association, L.L.C. |
Corporation | New York | ||
Medco Health Puerto Rico, L.L.C. |
Limited Liability Company | Delaware | ||
Medco Health Services, Inc. |
Corporation | Delaware | ||
Medco Health Solutions Of Illinois, L.L.C. |
Limited Liability Company | Delaware | ||
Medco Health Solutions, Inc. |
Corporation | Delaware | ||
Medco of Willingboro Urban Renewal, L.L.C. |
Limited Liability Company | New Jersey | ||
Medco Research Institute, L.L.C. |
Limited Liability Company | Delaware | ||
Mooresville On-Site Pharmacy LLC |
Limited Liability Company | Delaware | ||
National Prescription Administrators, Inc. |
Corporation | New Jersey | ||
National RX Services No.3, Inc. of Ohio |
Corporation | Ohio | ||
Priority Healthcare Corporation |
Corporation | Indiana | ||
Priority Healthcare Corporation West |
Corporation | Nevada | ||
Priority Healthcare Distribution, Inc. |
Corporation | Florida | ||
Priority Healthcare Pharmacy, Inc. |
Corporation | Florida | ||
Priorityhealthcare.com, Inc. |
Corporation | Florida | ||
Sinuspharmacy, Inc. |
Corporation | Florida | ||
Specialty Infusion Pharmacy, Inc. |
Corporation | Florida | ||
Spectracare Healthcare Ventures, Inc. |
Corporation | Kentucky | ||
Spectracare Infusion Pharmacy, Inc. |
Corporation | Kentucky | ||
Spectracare of Indiana |
Partnership | Indiana | ||
Spectracare, Inc. |
Corporation | Kentucky |
Systemed, L.L.C. |
Limited Liability Company | Delaware | ||
The Vaccine Consortium, LLC |
Limited Liability Company | Maryland | ||
Therapease Cuisine, Inc. |
Corporation | Wisconsin | ||
TVC Acquisition Co., INC. |
Corporation | Delaware | ||
UBC Late Stage, Inc. |
Corporation | Missouri | ||
United Biosource Holdings, Inc. |
Corporation | Delaware | ||
United Biosource LLC |
Limited Liability Company | Delaware | ||
United Biosource Patient Solutions, Inc. |
Corporation | Delaware | ||
Value Health, Inc. |
Corporation | Delaware | ||
YourPharmacy.com, Inc. |
Corporation | Delaware |
Schedule II
Opinion Party Guarantors
Legal Name |
Type of |
Jurisdiction |
By-laws, |
Date of
By- |
Parties
to |
Guarantee | ||||||
Delaware Corporate Party Guarantors | ||||||||||||
Accredo Care Network, Inc. | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Accredo Health Group, Inc. | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Accredo Health, Incorporated | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
CuraScript PBM Services, Inc. | Corporation | Delaware | By-laws | January 30, 2004 | N/A | Board of Directors, dated May 7, 2014 | ||||||
CuraScript, Inc. | Corporation | Delaware | By-laws | January 30, 2004 | N/A | Board of Directors, dated May 7, 2014 | ||||||
ESI Claims, Inc. | Corporation | Delaware | By-laws | December 3, 1999 | N/A | Board of Directors, dated May 7, 2014 | ||||||
ESI Mail Order Processing, Inc. | Corporation | Delaware | By-laws | December 1, 2009 | N/A | Board of Directors, dated May 7, 2014 | ||||||
ESI Mail Pharmacy Service, Inc. | Corporation | Delaware | By-laws | November 11, 1999 | N/A | Board of Directors, dated May 7, 2014 | ||||||
ESI-GP Holdings, Inc. | Corporation | Delaware | By-laws | June 9, 2009 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Express Scripts Canada Holding, Co. | Corporation | Delaware | By-laws | April 12, 2002 | N/A | Board of Directors, dated May 7, 2014 |
Express Scripts Pharmacy, Inc. | Corporation | Delaware | By-laws | June 27, 2013 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Express Scripts Senior Care Holdings, Inc. | Corporation | Delaware | By-laws | April 8, 2005 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Express Scripts Senior Care, Inc. | Corporation | Delaware | By-laws | April 25, 2005 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Express Scripts Services Company | Corporation | Delaware | By-laws | November 5, 1998 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Express Scripts Specialty Distribution Services, Inc. | Corporation | Delaware | By-laws | December 3, 1999 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Express Scripts Utilization Management Co. | Corporation | Delaware | By-laws | November 30, 1999 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Express Scripts, Inc. | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Healthbridge, Inc. | Corporation | Delaware | By-laws | May 28, 2009 | N/A | Board of Directors, dated May 7, 2014 | ||||||
iBiologic, Inc. | Corporation | Delaware | By-laws | January 30, 2004 | N/A | Board of Directors, dated May 7, 2014 | ||||||
IVTx, Inc. | Corporation | Delaware | By-laws | October 3, 1997 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Medco Health Services, Inc. | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Medco Health Solutions, Inc. | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
TVC Acquisition Co., INC. | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
United Bisource Holdings, Inc. | Corporation | Delaware | By-laws | June 25, 2013 | N/A | Board of Directors, dated May 7, 2014 |
II-2
United Bisource Patient Solutions, Inc. | Corporation | Delaware | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Value Health, Inc. | Corporation | Delaware | By-laws | April 12, 2002 | N/A | Board of Directors, dated May 7, 2014 | ||||||
YourPharmacy.com, Inc. | Corporation | Delaware | By-laws | April 12, 2002 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Delaware Partnership Party Guarantor | ||||||||||||
ESI Partnership | General Partnership | Delaware | Partnership Agreement | May 1, 2001 | Express Scripts, Inc. and ESI-GP Holdings, Inc. | Written Consent of the Partners dated May 7, 2014 | ||||||
Delaware LLC Party Guarantors | ||||||||||||
ESI Enterprises, LLC | Limited Liability Company | Delaware | Limited Liability Company Agreement | June 30, 2003 | Express Scripts, Inc., Express-Scripts Specialty Distribution Services, ESI Mail Pharmacy Services, Inc. and ESI-GP Holdings, Inc. | Written Consent of the Members dated May 7, 2014 | ||||||
ESI HRA, LLC | Limited Liability Company | Delaware | Limited Liability Company Agreement | October 10, 2007 | Express Scripts, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Express Scripts Administrators, LLC | Limited Liability Company | Delaware | Limited Liability Company Agreement | November 1, 2013 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Express Scripts Canada Holding, LLC | Limited Liability Company | Delaware | Limited Liability Company Agreement | November 20, 2009 | Express Scripts Canada Holding Co. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 |
II-3
Express Scripts Pharmaceutical Procurement, LLC | Limited Liability Company | Delaware | Limited Liability Company Agreement | November 1, 2006 | Express Scripts, Inc. and ESI Mail Pharmacy Service, Inc. | Written Consent of the Members dated May 7, 2014 | ||||||
MAH Pharmacy, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Medco CDUR, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Medco CHP, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Medco Continuation Health, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Medco Europe , L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Medco Europe II, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Europe , L.L.C. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Medco Health Puerto Rico, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Medco Health Solutions Of Illinois, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement | April 2, 2012 | Medco Health Solutions, Inc. | Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 |
II-4
Medco Research Institute, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement |
April 2, 2012 | Medco Health Solutions, Inc. |
Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Mooresville On-Site Pharmacy LLC | Limited Liability Company | Delaware | Limited Liability Company Agreement |
January 29, 2009 |
ESI Mail Pharmacy Service, Inc. |
Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Systemed, L.L.C. | Limited Liability Company | Delaware | Limited Liability Company Agreement |
April 2, 2012 | Medco Health Solutions, Inc. |
Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
United Biosource LLC | Limited Liability Company | Delaware | Limited Liability Company Agreement |
June 27, 2013 | United BioSource Holdings, Inc. |
Written Consent of the Board of Directors of the Sole Member dated May 7, 2014 | ||||||
Massachusetts Opinion Party Guarantors | ||||||||||||
Byfield Drug, Inc. | Corporation | Massachusetts | By-laws | June 14, 2002 | N/A | Board of Directors, dated May 7, 2014 | ||||||
Healthbridge Reimbursement and Product Support, Inc. | Corporation | Massachusetts | By-laws | January 23, 1988 |
N/A | Board of Directors, dated May 7, 2014 | ||||||
New York Opinion Party Guarantors | ||||||||||||
Ahg Of New York, Inc. | Corporation | New York | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 | ||||||
ESI Acquisition, Inc. | Corporation | New York | By-laws | December 1, 2009 |
N/A | Board of Directors, dated May 7, 2014 | ||||||
Medco Health New York Independent Practice Association, L.L.C. | Corporation | New York | By-laws | April 2, 2012 | N/A | Board of Directors, dated May 7, 2014 |
II-5
Schedule III
Non-Opinion Party Guarantors
Legal Name |
Type of Entity |
Jurisdiction of Incorporation or Formation | ||
Airport Holdings, LLC |
Limited Liability Company | New Jersey | ||
Bio Partners In Care, Inc. |
Corporation | Missouri | ||
Care Continuum, Inc. |
Corporation | Kentucky | ||
CFI of New Jersey, Inc. |
Corporation | New Jersey | ||
Chesapeake Infusion, Inc. |
Corporation | Florida | ||
Diversified Pharmaceutical Services, Inc. |
Corporation | Minnesota | ||
ESI Realty, LLC |
Limited Liability Company | New Jersey | ||
ESI Resources, Inc. |
Corporation | Minnesota | ||
Express Scripts MSA, LLC |
Limited Liability Company | Florida | ||
Express Scripts WC, Inc. |
Corporation | Florida | ||
Freco, Inc. |
Corporation | Florida | ||
Freedom Service Company, LLC |
Limited Liability Company | Florida | ||
Home Healthcare Resources, Inc. |
Corporation | Pennsylvania | ||
Lynnfield Compounding Center, Inc. |
Corporation | Florida | ||
Lynnfield Drug, Inc. |
Corporation | Florida | ||
Matrix GPO LLC |
Limited Liability Company | Indiana | ||
Medco Of Willingboro Urban Renewal, L.L.C. |
Limited Liability Company | New Jersey | ||
National Prescription Administrators, Inc. |
Corporation | New Jersey | ||
National RX Services No. 3, Inc. of Ohio |
Corporation | Ohio | ||
Priority Healthcare Corporation |
Corporation | Indiana | ||
Priority Healthcare Corporation West |
Corporation | Nevada | ||
Priority Healthcare Distribution, Inc. |
Corporation | Florida | ||
Priority Healthcare Pharmacy, Inc. |
Corporation | Florida | ||
Priorityhealthcare.com, Inc. |
Corporation | Florida | ||
Sinuspharmacy, Inc. |
Corporation | Florida | ||
Specialty Infusion Pharmacy, Inc. |
Corporation | Florida | ||
Spectracare Healthcare Ventures, Inc. |
Corporation | Kentucky | ||
Spectracare Infusion Pharmacy, Inc. |
Corporation | Kentucky | ||
Spectracare of Indiana |
Partnership | Indiana | ||
Spectracare, Inc. |
Corporation | Kentucky | ||
The Vaccine Consortium, LLC |
Limited Liability Company | Maryland | ||
Therapease Cuisine, Inc. |
Corporation | Wisconsin | ||
UBC Late Stage, Inc. |
Corporation | Missouri |
III-1
EXHIBIT 12.1
EXPRESS SCRIPTS HOLDING COMPANY
Calculation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
Three Months Ended March 31, |
Year Ended December 31, | |||||||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||||||||
Income from continuing operations before income taxes(1) |
$ | 594.1 | $ | 629.3 | $ | 3,012.0 | $ | 2,188.5 | $ | 2,027.1 | $ | 1,908.7 | $ | 1,308.4 | ||||||||||||||
Add: |
||||||||||||||||||||||||||||
Interest expense(2) |
124.5 | 148.4 | 529.1 | 619.0 | 299.7 | 167.1 | 194.4 | |||||||||||||||||||||
Estimated interest component of rental expense |
5.1 | 5.8 | 20.7 | 34.5 | 10.1 | 13.4 | 9.3 | |||||||||||||||||||||
Subtract: |
||||||||||||||||||||||||||||
Income attributable to non-controlling interest |
(6.2 | ) | (5.1 | ) | (28.1 | ) | (17.2 | ) | (2.7 | ) | | | ||||||||||||||||
Income as adjusted |
$ | 717.5 | $ | 778.4 | $ | 3,533.7 | $ | 2,824.8 | $ | 2,334.2 | $ | 2,089.2 | $ | 1,512.1 | ||||||||||||||
Fixed charges: |
||||||||||||||||||||||||||||
Interest expense(2) |
124.5 | 148.4 | 529.1 | 619.0 | 299.7 | 167.1 | 194.4 | |||||||||||||||||||||
Estimated interest component of rental expense |
5.1 | 5.8 | 20.7 | 34.5 | 10.1 | 13.4 | 9.3 | |||||||||||||||||||||
Total fixed charges |
$ | 129.6 | $ | 154.2 | $ | 549.8 | $ | 653.5 | $ | 309.8 | $ | 180.5 | $ | 203.7 | ||||||||||||||
Ratio of Earnings to Fixed Charges |
5.5 | 5.0 | 6.4 | 4.3 | 7.5 | 11.6 | 7.4 |
(1) | Consists of income from continuing operations before income taxes adjusted to include distributed equity income from joint venture. |
(2) | Interest expense for the three months ended March 31, 2013 and the year ended December 31, 2013 excludes $67.0 million of interest expense related to the redemption of ESIs $1,000.0 million aggregate principal amount of 6.250% senior notes due 2014. |
Note: Interest component of rental expense estimated to be 1/3 of rental expense, which management believes represents a reasonable approximation of the interest factor.
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of Express Scripts Holding Company of our report dated February 20, 2014, except with respect to our opinion on the consolidated financial statements insofar as it relates to the effects of the change in reportable segments as discussed in Note 13 and the effects of the revision in the condensed consolidating financial information as discussed in Note 15, as to which the date is June 2, 2014, relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting of Express Scripts Holding Company, which appears in Express Scripts Holding Companys Current Report on Form 8-K dated June 2, 2014. We also consent to the reference to us under the heading Experts in such Registration Statement.
/s/ PricewaterhouseCoopers LLP
St. Louis, Missouri
June 2, 2014
Exhibit 23.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of Express Scripts Holding Company of our report dated February 21, 2012, except with respect to our opinion on the consolidated financial statements insofar as it related to the condensed consolidating financial information included in Note 16, as to which the date is November 19, 2012, relating to the financial statements of Medco Health Solutions, Inc., which appears in Express Scripts Holding Companys Current Report on Form 8-K dated June 2, 2014. We also consent to the reference to us under the heading Experts in such Registration Statement.
/s/ PricewaterhouseCoopers LLP
Florham Park, New Jersey
June 2, 2014
Exhibit 25.1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
¨ | CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2) |
WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)
A National Banking Association | 94-1347393 | |
(Jurisdiction of incorporation or organization if not a U.S. national bank) |
(I.R.S. Employer Identification No.) | |
101 North Phillips Avenue Sioux Falls, South Dakota |
57104 | |
(Address of principal executive offices) | (Zip code) |
Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
Express Scripts Holding Company
* And the Guarantors listed below
(Exact name of obligor as specified in its charter)
Delaware | 45-2884094 | |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
*TABLE OF SUBSIDIARY GUARANTOR REGISTRANTS
Name of Guarantor Registrant |
State or Other Jurisdiction of Incorporation or Formation |
Primary Standard Industrial Classification Code Number |
I.R.S. Employer Identification Number | |||
1. ACCREDO CARE NETWORK, INC. |
Delaware | 5912 | 26-3591774 | |||
2. ACCREDO HEALTH GROUP, INC. |
Delaware | 5912 | 11-3358535 | |||
3. ACCREDO HEALTH, INCORPORATED |
Delaware | 8090 | 55-0894449 | |||
4. AHG OF NEW YORK, INC. |
New York | 5912 | 13-3888838 |
Name of Guarantor Registrant |
State or Other Jurisdiction of Incorporation or Formation |
Primary Standard Industrial Classification Code Number |
I.R.S. Employer Identification Number | |||
5. AIRPORT HOLDINGS, LLC |
New Jersey | 6324 | 75-3040465 | |||
6. BIOPARTNERS IN CARE, INC. |
Missouri | 5912 | 43-1815573 | |||
7. BYFIELD DRUG, INC. |
Massachusetts | 5912 | 01-0705518 | |||
8. CARE CONTINUUM, INC. |
Kentucky | 5912 | 61-1162797 | |||
9. CFI OF NEW JERSEY, INC. |
New Jersey | 5912 | 22-3114423 | |||
10. CHESAPEAKE INFUSION, INC. |
Florida | 5912 | 22-3835126 | |||
11. CURASCRIPT PBM SERVICES, INC. |
Delaware | 5912 | 36-4374570 | |||
12. CURASCRIPT, INC. |
Delaware | 5912 | 36-4369972 | |||
13. DIVERSIFIED PHARMACEUTICAL SERVICES, INC. |
Minnesota | 5912 | 41-1627938 | |||
14. ESI ACQUISITION, INC. |
New York | 5912 | 16-1279199 | |||
15. ESI CLAIMS, INC. |
Delaware | 5912 | 43-1869691 | |||
16. ESI ENTERPRISES, LLC |
Delaware | 5912 | 56-2356810 | |||
17. ESI HRA, LLC |
Delaware | 5912 | 20-2996995 | |||
18. ESI MAIL ORDER PROCESSING, INC. |
Delaware | 5912 | 74-2974964 | |||
19. ESI MAIL PHARMACY SERVICE, INC. |
Delaware | 5912 | 43-1867735 | |||
20. EXPRESS SCRIPTS MSA, LLC |
Florida | 5912 | 20-0551334 | |||
21. ESI PARTNERSHIP |
Delaware | 5912 | 43-1925562 | |||
22. ESI REALTY, LLC |
New Jersey | 5912 | 75-3040456 | |||
23. ESI RESOURCES, INC. |
Minnesota | 5912 | 41-2006555 | |||
24. ESI-GP HOLDINGS, INC. |
Delaware | 5912 | 43-1925556 | |||
25. EXPRESS SCRIPTS ADMINISTRATORS, LLC |
Delaware | 5912 | 41-2063830 | |||
26. EXPRESS SCRIPTS CANADA HOLDING, CO. |
Delaware | 5912 | 43-1942542 | |||
27. EXPRESS SCRIPTS CANADA HOLDING, LLC |
Delaware | 5912 | 27-1490640 | |||
28. EXPRESS SCRIPTS PHARMACEUTICAL PROCUREMENT, LLC |
Delaware | 5912 | 20-5826948 | |||
29. EXPRESS SCRIPTS PHARMACY, INC. |
Delaware | 5912 | 30-0789911 | |||
30. EXPRESS SCRIPTS SENIOR CARE HOLDINGS, INC. |
Delaware | 5912 | 20-3126104 | |||
31. EXPRESS SCRIPTS SENIOR CARE, INC. |
Delaware | 5912 | 20-3126075 | |||
32. EXPRESS SCRIPTS SERVICES COMPANY |
Delaware | 5912 | 43-1832983 | |||
33. EXPRESS SCRIPTS SPECIALTY DISTRIBUTION SERVICES, INC. |
Delaware | 5912 | 43-1869712 | |||
34. EXPRESS SCRIPTS UTILIZATION MANAGEMENT CO. |
Delaware | 5912 | 43-1869714 | |||
35. EXPRESS SCRIPTS WC, INC. |
Florida | 5912 | 59-2997634 | |||
36. EXPRESS SCRIPTS, INC. |
Delaware | 5912 | 43-1420563 | |||
37. FRECO, INC. |
Florida | 5912 | 02-0523249 | |||
38. FREEDOM SERVICE COMPANY, LLC |
Florida | 5912 | 20-3229217 | |||
39. HEALTHBRIDGE REIMBURSEMENT AND PRODUCT SUPPORT, INC. |
Massachusetts | 5912 | 04-2992335 | |||
40. HEALTHBRIDGE, INC. |
Delaware | 5912 | 26-2159005 | |||
41. HOME HEALTHCARE RESOURCES, INC. |
Pennsylvania | 5912 | 52-1498155 | |||
42. iBIOLOGIC, INC. |
Delaware | 5912 | 20-0325621 | |||
43. IVTX, INC. |
Delaware | 5912 | 43-1794690 | |||
44. LYNNFIELD COMPOUNDING CENTER, INC. |
Florida | 5912 | 58-2593075 | |||
45. LYNNFIELD DRUG, INC. |
Florida | 5912 | 04-3546044 | |||
46. MAH PHARMACY, L.L.C. |
Delaware | 5912 | 27-1506930 | |||
47. MATRIX GPO LLC |
Indiana | 5912 | 51-0500147 | |||
48. MEDCO CDUR, L.L.C. |
Delaware | 5912 | N/A | |||
49. MEDCO CHP, L.L.C. |
Delaware | 5912 | 27-5133672 | |||
50. MEDCO CONTINUATION HEALTH, L.L.C. |
Delaware | 5912 | N/A | |||
51. MEDCO EUROPE II, L.L.C. |
Delaware | 5912 | 27-3709630 | |||
52. MEDCO EUROPE, L.L.C. |
Delaware | 5912 | N/A | |||
53. MEDCO HEALTH NEW YORK INDEPENDENT PRACTICE ASSOCIATION, L.L.C. |
New York | 5912 | 22-3572956 | |||
54. MEDCO HEALTH PUERTO RICO, L.L.C. |
Delaware | 5912 | 81-0616525 | |||
55. MEDCO HEALTH SERVICES, INC. |
Delaware | 5912 | 26-3544786 |
Name of Guarantor Registrant |
State or Other Jurisdiction of Incorporation or Formation |
Primary Standard Industrial Classification Code Number |
I.R.S. Employer Identification Number | |||
56. MEDCO HEALTH SOLUTIONS OF ILLINOIS, L.L.C. |
Delaware | 5912 | N/A | |||
57. MEDCO HEALTH SOLUTIONS, INC. |
Delaware | 5912 | 22-3461740 | |||
58. MEDCO OF WILLINGBORO URBAN RENEWAL, L.L.C. |
New Jersey | 5912 | 22-3811751 | |||
59. MEDCO RESEARCH INSTITUTE, L.L.C. |
Delaware | 5912 | 45-3631137 | |||
60. MEDCOHEALTH.COM, L.L.C. |
New Jersey | 5912 | 22-3732483 | |||
61. MOORESVILLE ON-SITE PHARMACY, LLC |
Delaware | 5912 | 26-1102625 | |||
62. NATIONAL PRESCRIPTION ADMINISTRATORS, INC. |
New Jersey | 5912 | 22-2230703 | |||
63. NATIONAL RX SERVICES NO. 3, INC. OF OHIO |
Ohio | 5912 | 34-1666699 | |||
64. PRIORITY HEALTHCARE CORPORATION |
Indiana | 5122 | 35-1927379 | |||
65. PRIORITY HEALTHCARE CORPORATION WEST |
Nevada | 5912 | 88-0445494 | |||
66. PRIORITY HEALTHCARE DISTRIBUTION, INC. |
Florida | 5912 | 59-3761140 | |||
67. PRIORITY HEALTHCARE PHARMACY, INC. |
Florida | 5912 | 59-3099905 | |||
68. PRIORITYHEALTHCARE.COM, INC. |
Florida | 5912 | 59-3573515 | |||
69. SINUSPHARMACY, INC. |
Florida | 5912 | 56-2394216 | |||
70. SPECIALTY INFUSION PHARMACY, INC. |
Florida | 5912 | 74-3105470 | |||
71. SPECTRACARE HEALTH CARE VENTURES, INC. |
Kentucky | 5912 | 61-1317695 | |||
72. SPECTRACARE INFUSION PHARMACY, INC. |
Kentucky | 5912 | 61-1147067 | |||
73. SPECTRACARE OF INDIANA |
Indiana | 5912 | 35-1807559 | |||
74. SPECTRACARE, INC. |
Kentucky | 5912 | 61-1147068 | |||
75. SYSTEMED, L.L.C. |
Delaware | 5912 | 22-3474888 | |||
76. THE VACCINE CONSORTIUM, LLC |
Maryland | 5912 | 20-5454871 | |||
77. THERAPEASE CUISINE, INC. |
Wisconsin | 5912 | 26-0759966 | |||
78. TVC ACQUISITION CO., INC. |
Delaware | 5912 | 45-4509922 | |||
79. UBC LATE STAGE, INC. |
Missouri | 5912 | 43-1083790 | |||
80. UNITED BIOSOURCE LLC |
Delaware | 5912 | 80-0077029 | |||
81. UNITED BIOSOURCE HOLDINGS, INC. |
Delaware | 5912 | 46-3047667 | |||
82. UNITED BIOSOURCE PATIENT SOLUTIONS, INC. |
Delaware | 5912 | 20-3419132 | |||
83. VALUE HEALTH, INC. |
Delaware | 6324 | 06-1194838 | |||
84. YOURPHARMACY.COM, INC. |
Delaware | 5912 | 43-1842584 |
One Express Way St. Louis, MO |
63121 | |
(Address of principal executive offices) | (Zip code) |
Debt Securities
(Title of the indenture securities)
Item 1. General Information. Furnish the following information as to the trustee:
(a) | Name and address of each examining or supervising authority to which it is subject. |
Comptroller of the Currency
Treasury Department
Washington, D.C.
Federal Deposit Insurance Corporation
Washington, D.C.
Federal Reserve Bank of San Francisco
San Francisco, California 94120
(b) | Whether it is authorized to exercise corporate trust powers. |
The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.
None with respect to the trustee.
No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.
Item 15. Foreign Trustee. Not applicable.
Item 16. List of Exhibits. List below all exhibits filed as a part of this Statement of Eligibility.
Exhibit 1. | A copy of the Articles of Association of the trustee now in effect.* | |
Exhibit 2. | A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated June 27, 2012.** | |
Exhibit 3. | A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated December 21, 2011. ** | |
Exhibit 4. | Copy of By-laws of the trustee as now in effect.*** | |
Exhibit 5. | Not applicable. | |
Exhibit 6. | The consent of the trustee required by Section 321(b) of the Act. | |
Exhibit 7. | A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority. | |
Exhibit 8. | Not applicable. | |
Exhibit 9. | Not applicable. |
* | Incorporated by reference to the exhibit of the same number to the trustees Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06. |
** | Incorporated by reference to the exhibit of the same number to the trustees Form T-1 filed as exhibit 25 to the Form S-3 dated January 23, 2013 of file number 333-186155. |
*** | Incorporated by reference to the exhibit of the same number to the trustees Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274. |
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Atlanta and State of Georgia on the 2nd day of June 2014.
WELLS FARGO BANK, NATIONAL ASSOCIATION |
/s/ Stefan Victory |
Stefan Victory |
Vice President |
EXHIBIT 6
June 2, 2014
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.
WELLS FARGO BANK, NATIONAL ASSOCIATION |
/s/ Stefan Victory |
Stefan Victory |
Vice President |
Exhibit 7
Consolidated Report of Condition of
Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business March 31, 2014, filed in accordance with 12 U.S.C. §161 for National Banks.
Dollar Amounts In Millions |
||||||||
ASSETS |
||||||||
Cash and balances due from depository institutions: |
||||||||
Noninterest-bearing balances and currency and coin |
$ | 19,353 | ||||||
Interest-bearing balances |
196,143 | |||||||
Securities: |
||||||||
Held-to-maturity securities |
17,662 | |||||||
Available-for-sale securities |
216,158 | |||||||
Federal funds sold and securities purchased under agreements to resell: |
||||||||
Federal funds sold in domestic offices |
82 | |||||||
Securities purchased under agreements to resell |
19,030 | |||||||
Loans and lease financing receivables: |
||||||||
Loans and leases held for sale |
11,067 | |||||||
Loans and leases, net of unearned income |
781,182 | |||||||
LESS: Allowance for loan and lease losses |
11,761 | |||||||
Loans and leases, net of unearned income and allowance |
769,421 | |||||||
Trading Assets |
31,189 | |||||||
Premises and fixed assets (including capitalized leases) |
7,485 | |||||||
Other real estate owned |
4,015 | |||||||
Investments in unconsolidated subsidiaries and associated companies |
718 | |||||||
Direct and indirect investments in real estate ventures |
4 | |||||||
Intangible assets |
||||||||
Goodwill |
21,549 | |||||||
Other intangible assets |
21,474 | |||||||
Other assets |
52,924 | |||||||
|
|
|||||||
Total assets |
$ | 1,388,274 | ||||||
|
|
|||||||
LIABILITIES |
||||||||
Deposits: |
||||||||
In domestic offices |
$ | 1,010,888 | ||||||
Noninterest-bearing |
274,869 | |||||||
Interest-bearing |
736,019 | |||||||
In foreign offices, Edge and Agreement subsidiaries, and IBFs |
94,353 | |||||||
Noninterest-bearing |
523 | |||||||
Interest-bearing |
93,830 | |||||||
Federal funds purchased and securities sold under agreements to repurchase: |
||||||||
Federal funds purchased in domestic offices |
10,968 | |||||||
Securities sold under agreements to repurchase |
12,270 |
Dollar Amounts In Millions |
||||
Trading liabilities |
13,351 | |||
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases) |
59,788 | |||
Subordinated notes and debentures |
19,756 | |||
Other liabilities |
27,614 | |||
|
|
|||
Total liabilities |
$ | 1,248,988 | ||
EQUITY CAPITAL |
||||
Perpetual preferred stock and related surplus |
0 | |||
Common stock |
519 | |||
Surplus (exclude all surplus related to preferred stock) |
103,054 | |||
Retained earnings |
32,460 | |||
Accumulated other comprehensive income |
3,098 | |||
Other equity capital components |
0 | |||
|
|
|||
Total bank equity capital |
139,131 | |||
Noncontrolling (minority) interests in consolidated subsidiaries |
155 | |||
|
|
|||
Total equity capital |
139,286 | |||
|
|
|||
Total liabilities, and equity capital |
$ | 1,388,274 | ||
|
|
I, Timothy J. Sloan, EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
Timothy J. Sloan
EVP & CFO
We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.
Avid Modjtabai Michael Loughlin John Stumpf |
Directors |
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