From: Richard Kahn
Sent: Monday, February 22, 2016 5:37 PM
To: Jeffrey E.
Subject: Fwd: ESRX New Issue Corp Offering
Attachments: p_DX63W.pdf; Untitled attachment 00040.htm
5 year = 1.24 + 240 basis points = 3.64% estimated =ield
10 year = 1.76 + 295 basis points = 4.71% =stimated yield
please advise
thank you
Richard Kahn
HBRK Associates Inc.
575 Lexington =venue 4th Floor
New York, NY 10022
Begin forwarded message:
From: =/b>"Atlas, Andrew S"
Subject: =/b>ESRX New Issue =orp Offering
Date: February 22, 2016 at 11:15:19 AM EST
To: =/b>"Richard Kahn (
Hi Rich,
ESRX Corporate Issue =ricing today that I wanted to show Southern Trust Company.
Issuer/Ticker Express =cripts Holding Co ( ESRX
EFTA_R1_02092873
EFTA02704806
Issue Ratings Moody's: =aa2/Stable/Expected
S&P: =BB+/Stable/Expected
Fitch: =BB/Stable/Expected
Format SEC =egistered
Ranking = Sr Unsecured Note
Total =ize &nbs=; Benchmark
Tenor
5 Year
10 Year
Coupon Type
Fixed
Fixed
Tranche Currency
USD
USD
Optional Redemption
- Make Whole Call
- Par Call: 30 day(s) prior to maturity
- Change of Control: price =01
- Make Whole Call
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EFTA02704807
• Par Call: 90 day(s) prior =0 maturity
- Change of =ontrol: price 101
Billing & Delivering
CS
CITI
Use of Proceeds
(i) Fund the purchase price and =ccrued and unpaid interest for all of the Tender Notes validly tendered =nd accepted
for payment in the Tender Offer, (ii) fund the redemption =rice and accrued and unpaid interest for any of the Any and
All Tender Notes that remain outstanding after the completion or =ermination of the Tender Offer and (iii) for general
corporate purposes =see RED).
Settlement
7+3 (Feb 25, 2016)
Denominations
2,000 x 1,000
Timing
Today's Business
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Early price talk and subject is Syr +240, 10yr =295
Thanks again,
Andrew
Andrew S. Atlas
First Vice President
Equity Sales/Middle Markets Group
Financial Advisor
Morgan Stanley Wealth Management
1290 Avenue of the =mericas, 12th Floor New York, =Y 10104
Tel/Direct:
NMLS ID # =326736
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EFTA02704809
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EFTA02704810