Cardinal Health Sells $1 Billion of Bonds for Solaris Deal

Cardinal Health Inc. sold $1 billion of investment-grade bonds Wednesday to help fund the planned acquisition of Solaris Health that was unveiled just a day earlier.

The medical-products distributor issued five- and 10-year notes, according to a person with knowledge of the matter. The 10-year will yield 0.95 percentage point above Treasuries, compared with initial price talk of about 1.25 percentage points, said the person, who asked not to be identified as the details are private.