Walgreens Boots Alliance in $1B delayed draw term loan credit agreement
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Walgreens Boots Alliance (NASDAQ:WBA) has entered into a $1B delayed draw term loan credit facility with several banks.
Those banks include the Toronto-Dominion Bank (TD), JPMorgan Chase (JPM), Truist Financial (TFC), and Wells Fargo (WFC).
Walgreens (WBA) said that the loans would be used for general corporate purposes and potential acquisition debt.
Read why Seeking Alpha contributor Gen Alpha rates Walgreens (WBA) a buy as the stock is cheap.