Cencora Slumps to 372nd in Daily Rankings as Trading Volume Drops 39.14 Percent

On May 21, 2025, Cencora (COR) experienced a significant decline in trading volume, with a total turnover of $275 million, marking a 39.14% decrease from the previous day. This placed Cencora at the 372nd position in the daily stock market rankings. The stock price of Cencora also decreased by 0.54%.

Cencora, Inc. has announced the issuance and sale of €1 billion in senior notes, entering into an underwriting agreement with BNP PARIBAS, Citigroup Global Markets Limited, J.P. Morgan Securities plc, and Société Générale. The offering comprises €500 million of 2.875% Senior Notes due 2028 and €500 million of 3.625% Senior Notes due 2032. These notes are senior unsecured obligations of the company and are expected to close on May 22, 2025, subject to customary closing conditions. The offering has been registered under the Securities Act of 1933, as amended, through Cencora's shelf registration statement on Form S-3. The company anticipates net proceeds of approximately €994 million after deducting underwriting discounts and offering expenses. Cencora plans to utilize the proceeds for general corporate purposes, enhancing its financial flexibility. Pending their application, the proceeds may be invested in high-quality, short-term debt securities. This strategic financial maneuver underscores Cencora's commitment to maintaining robust capital management practices. The underwriters and their affiliates have previously provided, and may continue to provide, various financial services to Cencora, including investment banking and advisory services. This ongoing relationship highlights the confidence and trust between Cencora and its financial partners.