Cravath Advises Underwriters in €1 Billion Cencora Notes Offering.
Cravath, Swaine & Moore LLP served as counsel to the underwriters in Cencora, Inc.’s €1 billion registered senior notes offering, which closed on May 22, 2025.
The pharmaceutical giant, formerly known as AmerisourceBergen, is focused on improving health outcomes for both people and animals across the globe.
The offering was split evenly between €500 million of 2.875% Senior Notes due 2028 and €500 million of 3.625% Senior Notes due 2032.
According to regulatory filings, the proceeds will be used for general corporate purposes, which may include short-term investments and other operational needs.
Cravath’s deal team brought together attorneys from multiple practice areas. Capital markets work was led by partners Ryan J. Patrone and D. Scott Bennett, along with associates Nicholas B. Singer, Sam Baucom, and Catherine M. Crevecoeur.
Tax matters were handled by partner Arvind Ravichandran and associate Ruth Goldstein Schapiro. Environmental aspects of the transaction were covered by senior attorney Annmarie M. Terraciano and associate Star S. Gulant.
Cencora, Inc. is a global pharmaceutical solutions company focused on improving access to healthcare for people and animals. Formerly AmerisourceBergen, Cencora provides distribution, supply chain, and commercialization services across more than 150 countries, supporting pharmaceutical manufacturers, healthcare providers, and pharmacies worldwide.
Cravath, Swaine & Moore LLP is a leading U.S. law firm headquartered in New York City, renowned for its historic influence on corporate law and the legal profession. With roots dating back over 200 years, Cravath is known for its elite talent, lockstep model, and work on high-profile matters in capital markets, M&A, litigation, tax, antitrust, and regulatory law. The firm represents major global corporations, financial institutions, and boards in complex, high-stakes transactions and disputes.
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