Walgreens sets up new program to issue up to $1.2 bln in commercial paper in euros

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Walgreens Boots Alliance Inc. disclosed Friday that it has established a new commercial program in which the drug store chain can issue up to EUR1 billion ($1.18 bln) in short-term notes from time to time. The proceeds from the notes, which will be guaranteed by the company, can be used for general corporate purposes. The maturities of the notes can vary but may not exceed 364 days. The stock rose 0.1% in premarket trading. It has dropped 30.5% year to date, while the Dow Jones Industrial Average has slipped 2.3%.
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