05:09 AM EDT, 07/23/2025 (MT Newswires) -- Blazing Star Merger Sub said Tuesday it has launched a cash tender offer and consent solicitation for all outstanding Walgreens Boots Alliance ( WBA ) and Walgreen notes, maturing between 2025 and 2050.

The offer includes Walgreens' 300 million British pounds ($406.2 million) of 3.6% notes due 2025 and 750 million euros ($880.5 million) of 2.125% notes due 2026, the company said.

The offer also includes $1.45 billion of 3.45% notes due 2026; $750 million of 8.125% notes due 2029; $500 million of 3.2% notes due 2030; $303.3 million of 4.5% notes due 2034; $659.7 million of 4.8% notes due 2044; $298.6 million of 4.65% notes due 2046; $640.4 million of 4.1% notes due 2050, as well as Walgreen's $239.4 million of 4.4% notes due 2042, Blazing Star said.

The tender offer and consent solicitation are subject to the closing of a merger agreement dated March 6, under which WBA will merge with and into Blazing Star, becoming a wholly owned subsidiary, the company said.

The company also said Noteholders who tender by Aug. 4 will be eligible for total consideration that includes a $50 early payment per 1,000 units of principal, with settlement expected on Aug. 19.

The Blazing Star offer will expire on Aug. 18, and participants whose notes are accepted will also receive accrued and unpaid interest, it added.