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Cravath Publishes Winter 2026 Issue of Alumni Journal

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News & Insights

Cencora, Inc.’s $3 Billion Registered Senior Notes Offering

February 27, 2026

Cravath represented the underwriters in connection with the $3 billion registered senior notes offering of Cencora, Inc., a leading global pharmaceutical solutions organization centered on improving the lives of people and animals around the world. Proceeds of the offering were used to repay, in full, the term loan facility used to finance Cencora, Inc's acquisition of OneOncology. The transaction closed on February 13, 2026.

The Cravath team included partner Ryan J. Patrone and associates Courtney T. Seager and R. Christian Dunn on capital markets matters, and partner Arvind Ravichandran and associate Ruth Goldstein Schapiro on tax matters. Han Wen Zhang also worked on capital markets matters and Andrew Stone worked on tax matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • Tax
  • Healthcare and Life Sciences

People

Photo
Name
Ryan J. Patrone
Title
Corporate
Title
Partner
Email
rpatrone@cravath.com
Phone
+1-212-474-1280
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    Education

    • J.D., 2015, New York University School of Law
      Order of the Coif; Florence Allen Scholar, magna cum laude
    • B.S., 2012, University of Florida
      summa cum laude

    Admitted In

    • New York
    Photo
    Name
    Arvind Ravichandran
    Title
    Tax
    Title
    Partner
    Email
    aravichandran@cravath.com
    Phone
    +1-212-474-1033
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      Education

      • J.D., 2012, Columbia Law School
      • B.A., 2009, Columbia College

      Admitted In

      • New York

      Related News & Insights

      Deals & Cases

      February 03, 2026

      Cencora, Inc.’s $5.5 Billion of Credit Facilities in Connection with its Acquisition of OneOncology

      Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with $5.5 billion of credit facilities made available to Cencora, Inc., as part of the financing transactions undertaken in connection with its acquisition of OneOncology, a physician‑led national platform empowering independent medical specialty practices rooted in oncology. Cencora, Inc. is a leading global pharmaceutical sourcing and distribution services company. The credit facilities consisted of a $1.5 billion term loan facility, a $3.0 billion term loan facility and a $1.0 billion commitment increase under an existing revolving credit facility. The transaction closed on January 12, 2026.

      Deals & Cases

      June 18, 2025

      Cencora, Inc.’s $4.5 Billion Revolving Credit Facility

      Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $4.5 billion revolving credit facility made available to Cencora, Inc., a leading global pharmaceutical sourcing and distribution services company, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. The transaction closed on June 4, 2025.

      Deals & Cases

      June 05, 2025

      Cencora, Inc.’s €1 Billion Registered Senior Notes Offering

      Cravath represented the underwriters in connection with the €1 billion registered senior notes offering of Cencora, Inc., a leading global pharmaceutical solutions organization centered on improving the lives of people and animals around the world. The transaction closed on May 22, 2025.

      Deals & Cases

      December 23, 2024

      Cencora, Inc.’s $1.8 Billion Registered Senior Notes Offering

      Cravath represented the underwriters in connection with the $1.8 billion registered senior notes offering of Cencora, Inc., a leading global pharmaceutical solutions organization centered on improving the lives of people and animals around the world. The transaction closed on December 9, 2024.

      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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