CVS Health plans $2.5B bond sale to repurchase debt: Bloomberg
CVS Health is preparing to raise up to $2.5 billion through a bond sale, Bloomberg reported Dec. 2. The company has engaged Barclays, Citigroup and Goldman Sachs to arrange investor calls, sources told the news outlet. The bonds will have hybrid characteristics, combining elements of debt and equity and are expected to be used to repurchase debt.