Business Context and Reporting Period
Company: McKesson Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: January 24, 2002
Event: Issuance and sale of debt securities.
Key Financial Metrics
This filing reports a specific capital raising event rather than periodic operating results. Key metrics include:
- Debt Issuance: $400 million aggregate principal amount.
- Instrument: 7 3/4% Notes due 2012.
- Closing Date: Scheduled for January 29, 2002.
- Revenue/Profit/Cash Flow: The filing text does not provide a clear value for these operating metrics.
Material Changes
The material change reported is the expansion of the company's debt capital structure through the issuance of the new 2012 Notes. This transaction is being conducted pursuant to a Registration Statement on Form S-3 filed in April 1998, as supplemented by a Prospectus Supplement dated January 24, 2002.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the execution of an underwriting agreement with J.P. Morgan Securities Inc. and Banc of America Securities LLC as representatives of the underwriters.
Risks and Contingencies: The filing text does not provide specific details regarding risks, contingencies, or unusual items beyond the standard disclosure of the debt issuance.
Investor Verification Checklist
- Verify the final closing of the $400 million note issuance on January 29, 2002.
- Review the full Prospectus Supplement dated January 24, 2002, for use of proceeds and specific covenants.
- Confirm the impact of the new 7.75% interest obligation on the company's future interest expense and liquidity.
- Check subsequent filings for the actual cash proceeds received versus the principal amount.