Owens & Minor’s $500 Million Notes Offering

Davis Polk advised the initial purchasers in the offering.

Owens & Minor, Inc. executed its offering of $500 million of its 4.500% senior notes due 2029.

The Initial Purchasers included BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, Regions Securities LLC, Capital One Securities, Inc., Citizens Capital Markets, Inc., and KKR Capital Markets LLC.

Owens & Minor, Inc. and subsidiaries, a Fortune 500 company headquartered in Richmond, Virginia, is a leading global healthcare solutions company with integrated technologies, products and services aligned to deliver significant and sustained value for healthcare providers, manufacturers and directly to patients across the continuum of care. Founded in 1882, Owens & Minor was incorporated in 1926 and has operated continuously from its Richmond, Virginia headquarters. Through organic growth and acquisitions over many years, it has significantly expanded its operations, which now spans Asia, Europe, Latin America and the United States.

The Davis Polk capital markets team advising the initial purchasers included partner Marcel Fausten (Picture) and associates Yitz Segal, Summer Xia and Roy G. Dixon III. Counsel Kiara L. Rankin and associate Dov Sussman provided tax advice. Counsel Loyti Cheng and associate Cristina Harshman provided environmental advice. Partner Pritesh P. Shah and associate S. Dream Montgomery provided intellectual property advice. 

Involved fees earner: Loyti Cheng – Davis Polk & Wardwell; Roy Dixon, III – Davis Polk & Wardwell; Marcel Fausten – Davis Polk & Wardwell; Cristina Harshman – Davis Polk & Wardwell; S. Dream Montgomery – Davis Polk & Wardwell; Kiara Rankin – Davis Polk & Wardwell; Yitz Segal – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Dov Sussman – Davis Polk & Wardwell; Summer Xia – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Capital One Securities; Citigroup Global Markets Ltd; Citizens Capital Markets; J.P. Morgan Securities LLC; KKR Capital Markets Limited; PNC Capital Markets LLC; Regions Securities LLC;

Author: Martina Bellini