CVS to source $45bn of debt for Aetna acquisition

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By David Bell
04 Dec 2017

The announcement from CVS Health that it would acquire healthcare insurer Aetna is set to result in a flood of debt in the US leveraged finance market, with the firm looking to raise around $45bn of new paper to support the $77bn deal.

US pharmacy CVS Health said it had executed a definitive merger agreement with health insurance company Aetna in a deal worth $77bn on Sunday.

The vertical merger of the pharmacy and health insurance provider would “revolutionise consumer healthcare experience,” said Larry Merlo, president and CEO of CVS Health, ...

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