12.01.2015 18:56:00
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AmerisourceBergen Corporation -- Moody's affirms AmerisourceBergen's Baa2 rating on news of MWI Veterinary acquisition
New York, January 12, 2015 -- Moody's Investors Service affirmed AmerisourceBergen Corporation's (ABC's) Baa2 senior unsecured and Prime-2 short term ratings following its announcement that it has entered into a definitive agreement to purchase MWI Veterinary Supply, Inc. (MWI) for approximately $2.5 billion. MWI is a publicly traded distributor of animal health products. Moody's understands that ABC plans to finance this richly-priced acquisition with a combination of cash, a bank term loan, and senior notes. The rating outlook is stable.