CVS » Topics » “Caremark Merger Anticipatory Commercial Paper”

This excerpt taken from the CVS 8-K filed Mar 23, 2007.
“Caremark Merger Anticipatory Commercial Paper”: commercial paper issued by the Borrower under the Commercial Paper Increase prior to and in anticipation of the closing of the Caremark Merger to finance in part the consideration paid to the Caremark shareholders in connection with the Caremark Merger, including any dividends paid to the Caremark shareholders,

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provided that (a) such commercial paper shall mature no later than 60 days following the initial issuance thereof and (b) if the Caremark Merger has not been consummated prior to such maturity, the Borrower shall not have rolled over such commercial paper.

     
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