McKesson Corporation Announces the Expiration and Results of Tender Offer for Any and All 3.796% Notes Due 2024

McKesson Corporation (NYSE: MCK) (the “Company”) today announced that its previously announced offer to purchase for cash (the “Tender Offer”) any and all of its outstanding 3.796% Notes due 2024 (the “2024 Notes”) expired at 5:00 p.m., New York City time, on June 13, 2023 (the “Expiration Time”). As of the Expiration Time, $270,994,000, or 29.52%, of the $918,070,000 aggregate principal amount outstanding of the 2024 Notes had been validly tendered and not validly withdrawn (not including any amount of 2024 Notes submitted pursuant to guaranteed delivery procedures set forth in the Offer to Purchase, dated as of June 7, 2023 (the “Offer to Purchase”)), and the related notice of guaranteed delivery (together with the Offer to Purchase, the “Offer Documents”). Payment for the 2024 Notes validly tendered and accepted for purchase is expected to be made on June 16, 2023 (the “Settlement Date”).

Certain information regarding the 2024 Notes and the pricing of the Tender Offer is set forth in the table below.

Title of Security		CUSIP number / ISIN		Principal Amount Outstanding		Principal Amount Accepted for Purchase(1)		Percentage of Principal Amount Outstanding(1)
3.796% Notes due 2024		581557 BE4 / US581557BE41		$918,070,000		$270,994,000		29.52%

(1)

Not including any amount of 2024 Notes submitted pursuant to the guaranteed delivery procedures described in the Offer Documents.

Holders of the 2024 Notes (“Holders”) who validly tendered, and did not validly withdraw, their 2024 Notes at or prior to the Expiration Time, or pursuant to the guaranteed delivery procedures described in the Offer Documents, will be eligible to receive in cash the “Notes Consideration” of $987.46 for each $1,000 principal amount of the 2024 Notes validly tendered, and not validly withdrawn, and accepted for purchase, plus accrued and unpaid interest on the 2024 Notes validly tendered and accepted for purchase from March 15, 2023, the last interest payment date, up to, but not including, the Settlement Date.