BREAKING: Sycamore to Fund $24B Walgreens Buyout with 80%+ Debt
The industry average for take-privates in Q4 2024 was 53%. Experts worry this puts Walgreens at a high risk of default and bankruptcy.
Yesterday, we covered Sycamore Partners’ $24 billion take-private of Walgreens in our Value Add newsletter. Amongst other insights, one analyst predicted that the take-private will include downsizing and the stripping of major assets from the company.
New insights from a recently-filed SEC form DEF14A, however, show just how drastic these sell-offs will have to be to fund the debt Walgreens intends to take on to fund the deal.