Walgreens 2015 Annual Report Download - page 123

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We intend to finance the acquisition through a combination of cash on hand and debt financing. Concurrently
with the signing of the Merger Agreement, the Company entered into a bridge facility commitment letter (the
“Commitment Letter”), dated October 27, 2015, with UBS Securities LLC and UBS AG, Stamford Branch for a
$12.8 billion senior unsecured bridge facility (the “Facility”). The Facility, if funded, will mature 364 days after
the initial borrowings; provided that the Company can extend up to $3.0 billion of the Facility for an additional
90 day period if desired. The interest rate applicable to the borrowings under the Facility will be LIBOR or the
applicable base rate plus a margin. The financing commitments of the lenders are subject to certain customary
conditions set forth in the Commitment Letter. We expect to obtain permanent financing for the transaction prior
to the closing date, which would replace the Facility.
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