0001193125-23-036334.txt : 20230214 0001193125-23-036334.hdr.sgml : 20230214 20230213193630 ACCESSION NUMBER: 0001193125-23-036334 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230214 DATE AS OF CHANGE: 20230213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MCKESSON CORP CENTRAL INDEX KEY: 0000927653 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 943207296 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-269523 FILM NUMBER: 23621127 BUSINESS ADDRESS: STREET 1: 6555 STATE HIGHWAY 161 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 972-446-4800 MAIL ADDRESS: STREET 1: 6555 STATE HIGHWAY 161 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: MCKESSON HBOC INC DATE OF NAME CHANGE: 19990115 FORMER COMPANY: FORMER CONFORMED NAME: MCKESSON CORP DATE OF NAME CHANGE: 19950209 FORMER COMPANY: FORMER CONFORMED NAME: SP VENTURES INC DATE OF NAME CHANGE: 19940728 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MCKESSON CORP CENTRAL INDEX KEY: 0000927653 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 943207296 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 6555 STATE HIGHWAY 161 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 972-446-4800 MAIL ADDRESS: STREET 1: 6555 STATE HIGHWAY 161 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: MCKESSON HBOC INC DATE OF NAME CHANGE: 19990115 FORMER COMPANY: FORMER CONFORMED NAME: MCKESSON CORP DATE OF NAME CHANGE: 19950209 FORMER COMPANY: FORMER CONFORMED NAME: SP VENTURES INC DATE OF NAME CHANGE: 19940728 FWP 1 d447159dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement No. 333-269523

Pricing Term Sheet

MCKESSON CORPORATION

$500,000,000 5.250% Notes due 2026

 

Issuer:

 

Expected Ratings (Moody’s / Fitch / S&P)*:

   

McKesson Corporation

 

Baa1 (Positive) / BBB+ (Stable) / BBB+ (Stable)

Title:    5.250% Notes due 2026
Principal Amount:    $500,000,000
Maturity Date:    February 15, 2026
Interest Payment Dates:    Semi-annually on February 15 and August 15, of each year, commencing August 15, 2023
Interest Rate:    5.250% per year
Benchmark Treasury:    UST 4.00% due February 15, 2026
Benchmark Treasury Price and Yield:    99-12 1⁄8 / 4.223%
Spread to Benchmark Treasury:    +110 bps
Yield to Maturity:    5.323%
Price to Public:    99.800% of the principal amount
Net Proceeds to Issuer (before expenses):    $497,750,000
Optional Redemption:    Make-whole and par call
Make-Whole:   

Treasury Bond Rate

T+20 bps

Par Call:    Beginning February 15, 2024 at par
CUSIP:    581557 BS3
ISIN:    US581557BS37
Trade Date:    February 13, 2023
Settlement Date:    February 15, 2023 (T+2)

Joint Book-Running Managers:   

BNP Paribas Securities Corp.

Wells Fargo Securities, LLC

TD Securities (USA) LLC

Senior Co-Managers:   

BofA Securities, Inc.

J.P. Morgan Securities LLC

Barclays Capital Inc.

Citigroup Global Markets Inc.

Goldman Sachs & Co. LLC

Co-Managers:   

Deutsche Bank Securities Inc.

HSBC Securities (USA) Inc.

PNC Capital Markets LLC

Scotia Capital (USA) Inc.

Truist Securities, Inc.

U.S. Bancorp Investments, Inc.

ING Financial Markets LLC

SG Americas Securities, LLC

UniCredit Capital Markets LLC

Samuel A. Ramirez & Company, Inc.

 

*

Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. Each credit rating should be evaluated independently of any other credit rating.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. toll-free at 1-800-854-5674 or Wells Fargo Securities, LLC toll-free at 1-800-645-3751.

No PRIIPs or UK PRIIPs KID—No PRIIPs or UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail investors in the EEA or the UK.

This pricing term sheet supplements the preliminary prospectus supplement dated February 13, 2023 and prospectus dated February 2, 2023. This communication should be read in conjunction with the preliminary prospectus supplement and the accompanying prospectus. The information in this communication supersedes the information in the preliminary prospectus supplement and the accompanying prospectus to the extent it is inconsistent with the information in such preliminary prospectus supplement or the accompanying prospectus.

ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM.