Cardinal Health Enters Material Agreement & Financial Obligation
Ticker: CAH · Form: 8-K · Filed: Feb 20, 2024 · CIK: 721371
| Field | Detail |
|---|---|
| Company | Cardinal Health INC (CAH) |
| Form Type | 8-K |
| Filed Date | Feb 20, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $650,000,000, $500,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, debt, off-balance-sheet
TL;DR
**Cardinal Health just took on new debt or a big contract, watch for details!**
AI Summary
Cardinal Health, Inc. filed an 8-K on February 20, 2024, reporting an event that occurred on February 14, 2024. The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. The company, based in Dublin, Ohio, operates in wholesale drugs and proprietaries.
Why It Matters
This filing signals new contractual commitments and potential financial liabilities for Cardinal Health, which could impact its future financial performance and operational flexibility.
Risk Assessment
Risk Level: medium — The filing indicates new financial obligations and material agreements, the specifics of which are not detailed, creating uncertainty about their potential impact.
Key Players & Entities
- CARDINAL HEALTH INC (company) — Registrant
- Dublin (company) — City of business address
- Ohio (company) — State of incorporation and business address
- February 14, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Date of report filing
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 14, 2024.
When was this 8-K report filed with the SEC?
This 8-K report was filed with the SEC on February 20, 2024.
What types of events did Cardinal Health, Inc. report in this 8-K?
Cardinal Health, Inc. reported the entry into a Material Definitive Agreement and the Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
What is the business address of Cardinal Health, Inc.?
The business address of Cardinal Health, Inc. is 7000 Cardinal Place, Dublin, Ohio 43017.
What is Cardinal Health, Inc.'s primary industry classification?
Cardinal Health, Inc.'s primary industry classification is Wholesale-Drugs Proprietaries & Druggists' Sundries [5122].
Filing Stats: 1,012 words · 4 min read · ~3 pages · Grade level 8.9 · Accepted 2024-02-20 16:26:33
Key Financial Figures
- $650,000,000 — ompany") completed a public offering of $650,000,000 aggregate principal amount of 5.125% No
- $500,000,000 — % Notes due 2029 (the "2029 Notes") and $500,000,000 aggregate principal amount of 5.450% No
Filing Documents
- d766680d8k.htm (8-K) — 31KB
- d766680dex11.htm (EX-1.1) — 149KB
- d766680dex42.htm (EX-4.2) — 255KB
- d766680dex51.htm (EX-5.1) — 10KB
- d766680dex52.htm (EX-5.2) — 27KB
- 0001193125-24-040017.txt ( ) — 689KB
- cah-20240214.xsd (EX-101.SCH) — 2KB
- cah-20240214_lab.xml (EX-101.LAB) — 17KB
- cah-20240214_pre.xml (EX-101.PRE) — 11KB
- d766680d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 Underwriting Agreement, dated February 14, 2024, among Cardinal Health, Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC, MUFG Securities Americas Inc. and Wells Fargo Securities, LLC. 4.1 Indenture, dated as of June 2, 2008, between Cardinal Health, Inc., as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee (incorporated by reference to Exhibit 4.1 to Cardinal Health Inc.'s Current Report on Form 8-K filed on June 2, 2008) 4.2 First Supplemental Indenture, dated as of February 20, 2024, between Cardinal Health, Inc., as issuer, and The Bank of New York Mellon Trust Company, N.A., as trustee. 4.3 Form of 5.125% Senior Notes due 2029 (included in Exhibit 4.2) 4.4 Form of 5.450% Senior Notes due 2034 (included in Exhibit 4.2) 5.1 Opinion of Patrick Pope, Executive Vice President, General Counsel and Secretary of Cardinal Health, Inc. 5.2 Opinion of Skadden, Arps, Slate, Meagher & Flom LLP. 23.1 Consent of Patrick Pope, Executive Vice President, General Counsel and Secretary of Cardinal Health, Inc. (included in Exhibit 5.1) 23.2 Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.2) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Cardinal Health, Inc. (Registrant) Date: February 20, 2024 By: /s/ AARON E. ALT Aaron E. Alt Chief Financial Officer