Cencora Enters Material Definitive Agreement for Senior Notes
Ticker: COR · Form: 8-K · Filed: Sep 9, 2025 · CIK: 1140859
Sentiment: neutral
Topics: debt, financing, material-agreement
TL;DR
Cencora just signed a big deal for its 2028 and 2032 notes. Watch this space.
AI Summary
On September 5, 2025, Cencora, Inc. entered into a material definitive agreement related to its 2.875% Senior Notes due 2028 and 3.625% Senior Notes due 2032. The filing also includes financial statements and exhibits, indicating ongoing financial reporting and potential transactions.
Why It Matters
This filing signals potential debt restructuring or financing activities for Cencora, Inc., which could impact its financial leverage and future investment capacity.
Risk Assessment
Risk Level: medium — Material definitive agreements can involve significant financial commitments or changes in corporate structure, carrying inherent risks.
Key Numbers
- 2.875% — Senior Notes Interest Rate (Interest rate on notes due 2028)
- 3.625% — Senior Notes Interest Rate (Interest rate on notes due 2032)
Key Players & Entities
- Cencora, Inc. (company) — Registrant
- 2.875% Senior Notes due 2028 (dollar_amount) — Debt instrument
- 3.625% Senior Notes due 2032 (dollar_amount) — Debt instrument
- September 5, 2025 (date) — Date of earliest event reported
FAQ
What specific terms were agreed upon in the material definitive agreement for the senior notes?
The filing indicates an 'Entry into a Material Definitive Agreement' concerning the 2.875% Senior Notes due 2028 and 3.625% Senior Notes due 2032, but the specific terms are not detailed in this summary.
What is the purpose of filing financial statements and exhibits with this 8-K?
The filing includes 'Financial Statements and Exhibits,' suggesting these are relevant to the material definitive agreement or other ongoing reporting requirements.
Has Cencora, Inc. undergone any recent name changes?
Yes, the company was formerly known as AMERISOURCEBERGEN CORP, with a date of name change on May 17, 2001.
What is Cencora, Inc.'s primary business sector?
Cencora, Inc. operates in the 'WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES' sector, with SIC code 5122.
What is the significance of the filing date and the date of the earliest event reported?
The filing was made on September 9, 2025, and the earliest event reported occurred on September 5, 2025, indicating a timely disclosure of the material definitive agreement.
Filing Stats: 958 words · 4 min read · ~3 pages · Grade level 10.6 · Accepted 2025-09-09 17:00:34
Key Financial Figures
- $500 million — ings in a principal amount of up to (i) $500 million on or after April 1 and before December
- $750 million — before December 1 of any year and (ii) $750 million on or after December 1 and before March
Filing Documents
- tm2525432d1_8k.htm (8-K) — 36KB
- tm2525432d1_ex10-1.htm (EX-10.1) — 83KB
- tm2525432d1_ex10-2.htm (EX-10.2) — 27KB
- 0001104659-25-088665.txt ( ) — 371KB
- cor-20250905.xsd (EX-101.SCH) — 4KB
- cor-20250905_def.xml (EX-101.DEF) — 26KB
- cor-20250905_lab.xml (EX-101.LAB) — 36KB
- cor-20250905_pre.xml (EX-101.PRE) — 25KB
- tm2525432d1_8k_htm.xml (XML) — 6KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. Amendment of Term Loan On September 5, 2025, Cencora, Inc. (the "Company") entered into Amendment No. 2 (the "Term Credit Amendment") to the Term Credit Agreement, dated as of November 26, 2024, among the Company, the lenders party thereto and Bank of America, N.A., as administrative agent, as amended by Amendment No. 1, dated as of June 4, 2025 (the "Term Credit Agreement", as amended by the Term Credit Amendment, the "Amended Term Credit Agreement"), pursuant to which the Company and certain subsidiaries previously obtained a senior unsecured term loan (the "Term Loan"). The Term Credit Amendment amended the Term Credit Agreement to change the maturity date from January 2, 2028 to October 1, 2027 and modify the interest rate at which the Term Loan bears interest. The Term Loan bears interest at a rate equal to either an adjusted Term SOFR rate plus an applicable margin or an alternate base rate plus an applicable margin, in each case based on the Company's public debt ratings by Standard & Poor's Ratings Services, Moody's Investors Service, Inc. and Fitch, Inc. Pursuant to the Amended Term Credit Agreement, such applicable margins range from 62.5 basis points to 125.0 basis points over the adjusted Term SOFR rate and 0 basis points to 25.0 basis points over the alternate base rate, in each case, as determined in accordance with the provisions of the Amended Term Credit Agreement. The foregoing description of the Term Credit Amendment does not purport to be complete and is qualified in its entirety by reference to the Term Credit Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. Amendment of Money Market Facility On September 5, 2025, the Company entered into Amendment No. 2 (the "Money Market Facility Amendment") to the Uncommitted Money Market Line Credit Agreement, dated as of June 10, 2022, between the Company and Socit Gnrale, acti
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment No. 2 to Term Credit Agreement, dated as of September 5, 2025, among the Company, the lenders party thereto, and Bank of America, N.A., as administrative agent. 10.2 Amendment No. 2 to Uncommitted Money Market Line Credit Agreement, dated as of September 5, 2025, between the Company and Socit Gnrale, acting through its New York Branch, as lender. 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. Cencora, Inc. September 9, 2025 By: /s/ James F. Cleary Name: James F. Cleary Title: Executive Vice President and Chief Financial Officer