SAN FRANCISCO--(BUSINESS WIRE)--May 23, 2005--McKesson Corporation (NYSE:MCK) announced today that it will redeem all $206,168,500 of its outstanding 5% Convertible Junior Subordinated Debentures due June 1, 2027, which are held by its wholly owned trust subsidiary, McKesson Financing Trust. The proceeds will be applied by McKesson Financing Trust to simultaneously redeem all 3,999,650 of the outstanding 5% Trust Convertible Preferred Securities (CUSIP 58155P 50 1) at a price of $50.50 per security and all 123,720 of the outstanding 5% Convertible Common Securities at a price of $50.50 per security. In addition, any unpaid accumulated distributions to, but excluding, June 22, 2005 will be paid on the Preferred Securities and the Common Securities. The redemption date is June 22, 2005.
