CVS HEALTH CORPORATION
The Tender Offers: Any and All of the Outstanding Notes Listed Below (the “Any and All Notes”):
Up to the Maximum Tender Offer Amount, such that the Maximum Aggregate Purchase Price across both Tenders does not exceed $2,000,000,000:
(1) Subject to the Maximum Tender Offer Principal Amount (as defined herein) and proration, the aggregate principal amount of each series of Maximum Tender Offer Notes (as defined herein) that is purchased in the Maximum Tender Offer (as defined herein) will be determined in accordance with the applicable acceptance priority level (in numerical priority order) specified in this column. The Any and All Tender Offer (as defined herein) for the Any and All Notes will expire at 5:00 p.m., New York City time, on December 6, 2024 (such date and time, as it may be extended, the “Any and All Expiration Date”), unless earlier terminated by us. To be eligible to receive the applicable Total Consideration (as defined herein) payable for the Any and All Notes, you must (i) validly tender your Any and All Notes at or prior to the Any and All Expiration Date or (ii) deliver a properly completed and duly executed notice of guaranteed delivery attached as Annex B hereto (as it may be amended or supplemented from time to time, the “Notice of Guaranteed Delivery”) pursuant to the guaranteed delivery procedures described herein (the “Guaranteed Delivery Procedures”) at or prior to the Any and All Expiration Date. Holders (as defined herein) who tender their Any and All Notes at or prior to 5:00 p.m., New York City time, on December 6, 2024 (such date and time, as it may be extended, the “Any and All Withdrawal Deadline”) may withdraw such tendered Any and All Notes at any time at or prior to the Any and All Withdrawal Deadline. Following the Any and All Withdrawal Deadline, Holders who have tendered their Any and All Notes (whether before, on or after the Any and All Withdrawal Deadline) may not withdraw such Any and All Notes unless we are required to extend withdrawal rights under applicable law. The Maximum Tender Offer (as defined herein) for the Maximum Tender Offer Notes (as defined herein) will expire at 5:00 p.m., New York City time, on December 31, 2024 (such date and time, as it may be extended, the “Maximum Tender Offer Expiration Date”, and along with the Any and All Expiration Date, each an “Expiration Date”), unless earlier terminated by us. You must validly tender your Maximum Tender Offer Notes at or prior to the Maximum Tender Offer Expiration Date to be eligible to receive the applicable Tender Offer Consideration (as defined herein). In addition, you must validly tender your Maximum Tender Offer Notes at or prior to 5:00 p.m., New York City time, on December 13, 2024 (such date and time, as it may be extended, the “Early Tender Date”) to be eligible to receive the applicable Total Consideration (as defined herein). Holders who tender their Maximum Tender Offer Notes at or prior to 5:00 p.m., New York City time, on December 13, 2024 (such date and time, as it may be extended, the “Maximum Tender Offer Withdrawal Deadline”) may withdraw such tendered Maximum Tender Offer Notes at any time at or prior to the Maximum Tender Offer Withdrawal Deadline. Following the Maximum Tender Offer Withdrawal Deadline, Holders who have tendered their Maximum Tender Offer Notes (whether before, on or after the Maximum Tender Offer Withdrawal Deadline) may not withdraw such Maximum Tender Offer Notes unless we are required to extend withdrawal rights under applicable law. Our obligation to accept for payment and to pay for any of the Notes in each of the Tender Offers is subject to the satisfaction or waiver of a number of conditions, including the Financing Condition (as defined herein). See “The Terms of the Tender Offers—Conditions to the Tender Offers.” To view copies of the Tender Offer document(s) please click on the link(s) below: A Holder wishing to tender Notes may do so by book-entry transfer and delivery of an agent’s message pursuant to DTC’s Automated Tender Offer Program, or in the case of Any and All Notes, by delivery of a properly completed and duly executed Notice of Guaranteed Delivery pursuant to the Guaranteed Delivery Procedures described herein. Any questions or requests for assistance or for additional copies of this Offer to Purchase, or the Notice of Guaranteed Delivery and any amendments or supplements to the foregoing may be directed to the Tender and Information Agent at its address and telephone numbers set forth below. The Information and Tender Agent for the Tender Offer is:
A Holder may also contact the Dealer Managers at their addresses and telephone numbers set forth below or such Holder’s broker, dealer, commercial bank, trust company or other nominee for assistance concerning the terms of the Tender Offers. The Dealer Managers for the Tender Offer are:
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