Davis Polk advised underwriters represented by J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the offering of $1.7 billion aggregate principal amount of notes issued by McKesson Corporation. The notes were offered in three tranches maturing in 2016, 2021 and 2041.

McKesson Corporation is a health care services and information technology company providing supply, information and care management products and services designed to reduce costs and improve quality across the health care industry. McKesson conducts its business through a Distribution Solutions segment that distributes ethical and proprietary drugs, medical-surgical supplies and equipment, and health and beauty care products throughout North America, and a Technology Solutions segment that delivers enterprise-wide clinical, patient care, financial, supply chain, strategic management software solutions, pharmacy automation for hospitals, as well as connectivity, outsourcing and other services, including remote hosting and managed services, to health care organizations. 

The Davis Polk corporate team included partner Alan Dean and associates Jonathan C. Pentzien and Ryan G. Mitteness (not yet admitted). The tax team included partner Michael Mollerus and associate Niya Tang. The environmental team included counsel Loyti Cheng and associate Connor Kuratek (not yet admitted). Jack S. Keating was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.