Cardinal Health announces $1 billion notes offering in two tranches

Cardinal Health, Inc. (NYSE:CAH), a healthcare services company with a market capitalization of $36 billion, announced Wednesday that it has entered into an underwriting agreement for the public offering of $1 billion in senior notes. According to a statement based on a Securities and Exchange Commission filing, the offering consists of $600 million aggregate principal amount of 4.500% notes due 2030 and $400 million aggregate principal amount of 5.150% notes due 2035. InvestingPro analysis indicates the company’s strong financial health, with cash flows sufficiently covering interest payments.

The underwriting agreement was signed with Goldman Sachs & Co. LLC, BofA Securities, Inc., and Wells Fargo Securities, LLC, acting as representatives of the underwriters. The offering is being conducted under Cardinal Health’s existing shelf registration statement on Form S-3ASR, which was previously filed with the SEC.

Cardinal Health stated that a copy of the underwriting agreement has been filed as an exhibit to the current report on Form 8-K. The company is incorporated in Ohio and its common shares are traded on the New York Stock Exchange under the symbol CAH.

The announcement was made as part of Cardinal Health’s routine financial disclosures, and all information is based on a press release statement included in the SEC filing.

In other recent news, Cardinal Health released its fourth-quarter earnings for fiscal 2025, which revealed a mixed performance. The company reported earnings per share of $2.08, slightly exceeding analysts’ expectations of $2.03. However, Cardinal Health’s revenue fell short of forecasts, coming in at $60.2 billion, compared to the anticipated $60.92 billion. This revenue miss has raised concerns among investors. These developments reflect the company’s recent financial performance and market reactions.

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