#USA #New York #Tender Offer #Walgreens Boots Alliance #Blazing Star

Blazing Star Merger Sub, Inc. Extends Tender Offer Deadline

On August 21, 2025, Blazing Star Merger Sub, Inc. announced significant updates regarding its previously declared cash tender offer. This offer, which targets a broad range of Walgreens Boots Alliance, Inc. senior notes, has had its expiration time and settlement date extended.

New Expiration and Settlement Dates

The initial expiration time, set to end at 5:00 PM New York City time on August 21, 2025, is now moved to 5:00 PM on August 26, 2025. The settlement date follows suit and has been rescheduled for August 28, 2025. This decision allows all stakeholders additional time to consider their options regarding the various senior notes associated with Walgreens Boots Alliance.

Details of the Tender Offer

This tender offer is comprehensive, involving several senior notes due in different years. Relevant notes include:

• - 3.600% Senior Notes Due 2025
• - 2.125% Senior Notes Due 2026
• - 3.450% Notes Due 2026
• - 8.125% Notes Due 2029
• - 3.200% Notes Due 2030
• - 4.500% Senior Notes Due 2034
• - 4.800% Senior Notes Due 2044
• - 4.650% Notes Due 2046
• - 4.100% Notes Due 2050
• - Walgreen Co. 4.400% Notes Due 2042

Together, these instruments make up a significant part of the financing structure for Walgreens Boots Alliance, and this tender offer is an essential part of the merger activities involving Blazing Star and Walgreens.

Implications for Noteholders

Holders of the specified notes must note that while the expiration time has been extended, the withdrawal deadline, which was set for August 4, 2025, remains unchanged and has already passed. Thus, any notes tendered in this offer cannot be withdrawn.

The extension is designed to ensure that the settlement date aligns with the anticipated merger close. This merger agreement, which possesses inherent complexities, seeks to strengthen the financial positioning and operational cohesiveness of the newly formed entity.

Accordingly, any Notes that remain outstanding post-offer will still be valid and can be managed according to compliance with existing indentures. Noteholders should seek accurate guidance concerning their options and any potential proposals following the merger completion.

Quality Control Measures

Underlying these offers are robust compliance and governance frameworks that govern the processes undertaken by Blazing Star. Independent assessments will ensure that stakeholder interests are adhered to throughout this transition period.

Blazing Star's actions display an informed approach toward acquiring Walgreens, reflecting strategic foresight in leveraging its financial instruments wisely during this merger.

Future Outlook

As the dates draw closer, it’s crucial for participants in the tender offer to stay fully informed about any updates or market conditions that may affect their decisions. The dynamics of acquisitions such as these are subject to various influences, and all involved must ensure they are well-positioned to respond effectively.

Moving forward, Citigroup Global Markets Inc. has been appointed as the Dealer Manager for the tender offers and consent solicitation, tasked with facilitating these processes and answering queries from noteholders concerning their rights and options.

The outcome of this tender offer will significantly impact both the continuity and evolution of Walgreens Boots Alliance’s financial structure, making it a matter of considerable interest not only for direct participants but for the wider market as well.

In conclusion, this pivotal step in the acquisition process merits close monitoring as it unfolds. Stakeholders are encouraged to reference updated documentation for comprehensive information regarding their specific instruments and terms. The comparisons of various notes, their performances, and strategic implications will undeniably shape the ongoing narrative of this merger journey.