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file | filename |
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8-K - FORM 8-K - EXPRESS SCRIPTS INC | y04817e8vk.htm |
EX-4.1 - EX-4.1 - EXPRESS SCRIPTS INC | y04817exv4w1.htm |
EX-5.1 - EX-5.1 - EXPRESS SCRIPTS INC | y04817exv5w1.htm |
EX-1.1 - EX-1.1 - EXPRESS SCRIPTS INC | y04817exv1w1.htm |
Exhibit 99.1
Contact:
Jeff Hall, Chief Financial Officer
David Myers, Vice President Investor Relations
(314)810-3115
investor.relations@express-scripts.com
Jeff Hall, Chief Financial Officer
David Myers, Vice President Investor Relations
(314)810-3115
investor.relations@express-scripts.com
Express Scripts Announces Pricing of Senior Notes
ST. LOUIS, April 27, 2011Express Scripts, Inc. (Nasdaq: ESRX) announced that it has successfully
priced its $1.5 billion underwritten public offering of 3.125% senior notes due 2016 to yield 3.212%, which was
consistent with the expectations discussed in Mondays earnings release. The offering was made
pursuant to the Companys registration statement and prospectus filed with the Securities and
Exchange Commission (SEC). The Company will pay interest on the notes semi-annually on May 15
and November 15 of each year, beginning on November 15, 2011. The notes will be jointly and
severally and fully and unconditionally guaranteed on a senior unsecured basis by certain of the
Companys current and future wholly owned domestic subsidiaries.
The Company indicated that it intends to use the net proceeds from the debt offering to repurchase
its common stock under the existing share repurchase program, and for other general corporate
purposes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., RBS Securities Inc., Credit
Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill
Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, SunTrust Robinson
Humphrey, Inc., and Wells Fargo Securities, LLC will act as joint book-running managers of the debt
offering.
The Company has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement and applicable prospectus supplement and other documents the Company
has filed or will file with the SEC for more complete information about the Company and this
offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, the Company, any underwriter or any dealer participating in the offering will
arrange to send you the prospectus relating to the offering if you request it by calling Credit
Suisse Securities (USA) LLC at 1-800-221-1037, Citigroup Global Markets Inc. at 1-877-858-5407 or
RBS Securities Inc. at 1-617-423-7062.
About Express Scripts
Express Scripts, Inc., one of the largest pharmacy benefit management companies in North America,
is leading the way toward creating better health and value for patients through
Consumerology®, the advanced application of the behavioral sciences to healthcare. This
approach is helping millions of members realize greater healthcare outcomes and lowering cost by
assisting in influencing their behavior. Headquartered in St. Louis, Express Scripts provides
integrated PBM services including network-pharmacy claims processing, home delivery services,
specialty benefit management, benefit-design consultation, drug-utilization review, formulary
management, and medical and drug data analysis services. The company also
distributes a full range of biopharmaceutical products and provides extensive cost-management and
patient-care services. More information can be found at http://www.express-scripts.com/ and
http://www.consumerology.com/.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements, including, but not limited to, statements
related to the Companys plans, objectives, expectations (financial and otherwise) or intentions.
Actual events may differ significantly from those projected or suggested in any forward-looking
statements. Factors that may impact these forward-looking statements can be found in Risk Factors
and Managements Discussion and Analysis of Financial Condition and Results of Operations in the
Companys Form 10-K filed with the SEC on February 16, 2011 and in Managements Discussion and
Analysis of Financial Condition and Results of Operations in the Companys Form 10-Q filed with
the SEC on April 25, 2011. A copy of these forms can be found at the Investor Relations section of
Express Scripts web site at http://www.express-scripts.com.
The Company does not undertake any obligation to release publicly any revisions to such
forward-looking statements to reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.