04/25/2025 | Press release | Distributed by Public on 04/25/2025 05:31
Item 1.02. |
Termination of a Material Definitive Agreement. |
The information set forth in the second paragraph under Item 8.01 of this Current Report on Form 8-Kis incorporated by reference into this Item 1.02.
Item 8.01. |
Other Events. |
On April 24, 2025, Wilmot Retail, LLC, a bankruptcy remote special purpose entity which is an indirect wholly owned subsidiary of Walgreens Boots Alliance, Inc. (the "Company"), entered into an accounts receivable securitization facility with an initial borrowing capacity of up to $2.5 billion ("Accounts Receivable Facility").
Borrowings under the Accounts Receivable Facility were used to repay in full all amounts outstanding under the Company's $1.0 billion senior unsecured delayed draw term loan credit agreement due November 2026, dated as of August 9, 2023, by and among the Company, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent (the "August 2023 DDTL") and $1.0 billion senior unsecured delayed draw term loan credit agreement due January 2026, dated as of December 19, 2022, by and among the Company, the designated borrowers from time to time party thereto, the lenders from time to time party thereto and Toronto Dominion (Texas) LLC, as administrative agent (the "December 2022 DDTL" and, together with the August 2023 DDTL, the "Term Loan Facilities") and all commitments under the Term Loan Facilities were terminated in accordance with their terms on April 24, 2025.
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