Express Scripts 2014 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2014 Express Scripts annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

Express Scripts 2014 Annual Report
74
7. Financing
TheCompany’sdebt,netofunamortizeddiscountsandpremiums,consistsof:
December 31,
(in millions) 2014 2013
Long-termdebt:
March 2008 Senior Notes
7.125%seniornotesdue2018 $1,338.4 $1,378.5
June 2009 Senior Notes
7.250%seniornotesdue2019 498.2 497.9
September 2010 Senior Notes
4.125%seniornotesdue2020 505.9 506.8
2.750%seniornotesdue2015 502.9 506.9
1,008.8 1,013.7
May 2011 Senior Notes
3.125%seniornotesdue2016 1,498.2 1,497.0
November 2011 Senior Notes
4.750%seniornotesdue2021 1,242.1 1,241.2
6.125%seniornotesdue2041 698.5 698.4
3.500%seniornotesdue2016 — 1,249.8
2.750%seniornotesdue2014 — 899.7
1,940.6 4,089.1
February 2012 Senior Notes
2.650%seniornotesdue2017 1,493.6 1,490.7
2.100%seniornotesdue2015 999.8 998.1
3.900%seniornotesdue2022 983.8 981.9
3,477.2 3,470.7
June 2014 Senior Notes
2.250%seniornotesdue2019 997.9 —
3.500%seniornotesdue2024 993.1 —
1.250%seniornotesdue2017 499.8 —
2,490.8 —
TermfacilitydueAugust29,2016withanaverageinterestrateof1.90%atDecember31,
2014and1.92%atDecember31,2013 1,315.8 2,000.0
Other — 0.1
Totaldebt 13,568.0 13,947.0
Less:Currentmaturitiesoflong-termdebt 2,555.3 1,584.0
Totallong-termdebt $11,012.7 $12,363.0
BANK CREDIT FACILITIES
InAugust2011,weenteredintoacreditagreement(the“creditagreement”)withacommercialbanksyndicate
providingforafive-year$4,000.0milliontermloanfacility(the“termfacility”)anda$1,500.0millionrevolvingloanfacility
(the“revolvingfacility”).ThetermfacilitywasusedtopayaportionofthecashconsiderationinconnectionwiththeMerger
(asdescribedinNote3-Changesinbusiness),torepayexistingindebtednessandtopayrelatedfeesandexpenses.Subsequent
toconsummationoftheMergeronApril2,2012,therevolvingfacilityisavailableforgeneralcorporatepurposes.Theterm
70