Walgreens Prices $1.3 Billion Bond Offering

Deerfield, Ill. Walgreen Co. said Tuesday it priced a $1.3 billion, five-year offering and will use proceeds to pay down debt.

The $1.3 billion offering of senior notes due 2013 is expected to close on Thursday. Banc of America Securities LLC and J.P. Morgan Securities Inc. are acting as active book-running managers of the offering.