July 22 (Bloomberg) -- Express Scripts Inc. has received commitments for a one-year, $14 billion term loan bridge facility to back its merger with Medco Health Solutions Inc.
Credit Suisse Group AG and Citigroup Inc. have each agreed to provide half of the principal amount of the $14 billion under the one-year facility, according to a regulatory filing today.
Express Scripts, the St. Louis-based pharmacy benefit management company, and Medco announced yesterday they had entered into a merger agreement, in which Medco shareholders would receive $71.36 per share in cash and stock, or $29.1 billion, according to a news release.
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