McKesson Corp will have its 1.625% Notes due 2026 removed from the New York Stock Exchange (NYSE) effective November 10, 2026. This action comes after the entire class of these securities was redeemed on October 30, 2026. The removal signifies a key development for the company as it continues to navigate its financial landscape.

Background

McKesson Corp, classified under the Standard Industrial Classification (SIC) code 5122, operates in the wholesale-drugs, proprietaries, and druggists' sundries sector. The company is listed on the NYSE under the ticker symbol MCK. McKesson is a large accelerated filer, indicating its significant size and reporting obligations. The company has a long history, having undergone several name changes, with the most recent being in 1999.

What the Filing Says

The filing indicates that the NYSE has notified the Securities and Exchange Commission (SEC) of its intent to remove the class of securities from listing and registration. The notification states, "The entire class of this security was redeemed or paid at maturity or retirement on October 30, 2026." As a result, the securities were suspended from trading on the same day.

Impact

This decision may affect investors holding the 1.625% Notes, as they will no longer be able to trade these securities on the NYSE. Additionally, this move could influence McKesson's financial strategy moving forward, as the redemption of debt securities can impact a company's capital structure and liquidity.

What's Next

The filing does not say what happens next.