Silver Point held 60.06M WBA shares; merger converted holdings

Rhea-AI Filing Summary

Silver Point Capital and two principals filed a Schedule 13G regarding Walgreens Boots Alliance (WBA). The filing states that as of August 27, 2025 the Reporting Persons beneficially owned 60,061,000 shares, representing 6.9% of 865,560,675 shares outstanding (per the issuer's June 19, 2025 count). The issuer completed a merger on August 28, 2025 and the Reporting Persons' shares were converted into the stated Per Share Consideration. The cover pages list 0 shares beneficially owned at filing, reflecting that conversion. The Schedule is jointly filed by Silver Point Capital, L.P., Edward A. Mule and Robert J. O'Shea and includes a Joint Filing Agreement.

Positive

• Disclosed a material pre-merger stake of 60,061,000 shares, equal to 6.9% of outstanding common stock as of June 19, 2025
• Joint Filing Agreement executed and filed, clarifying reporting coordination among Silver Point, Edward Mule and Robert O'Shea
• Provides clear post-transaction status noting the shares were converted in the merger closed August 28, 2025

Negative

• Cover pages report 0 shares beneficially owned, indicating the Reporting Persons do not hold the issuer's common stock following conversion into merger consideration
• Filing lacks detail on the form and value of the Per Share Consideration received upon conversion (terms referenced but not disclosed in this document)

Insights

Financial Analyst

TL;DR: Silver Point held a material 6.9% stake pre-merger; post-closing the equity was converted and the filing reports zero retained shares.

Silver Point and affiliated principals disclosed ownership of 60,061,000 shares equal to 6.9% of outstanding WBA as of June 19, 2025. The filing notes a corporate merger closed August 28, 2025 and that the shares were converted into the merger consideration, which explains the zero share figures on the cover pages. For investors, the key datapoints are the pre-closing stake size and the fact that ownership was extinguished or transformed by the merger consideration rather than remaining as ordinary shares.

Corporate Governance Expert

TL;DR: The joint 13G discloses coordinated reporting and confirms compliance with joint filing rules; conversion of shares removes prior passive stake.

The Reporting Persons executed a Joint Filing Agreement and filed under Rule 13d-1. The statement certifies the holdings were not intended to influence control. Material disclosure elements include the identity of Reporting Persons, their Delaware/U.S. organization status, the exact pre-merger share count and the conversion upon merger close. The document provides procedural transparency about ownership and the post-merger status of those holdings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Walgreens Boots Alliance, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

931427108

(CUSIP Number)

08/27/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 931427108

1

Names of Reporting Persons

Silver Point Capital, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: Explanatory Note: As of August 27, 2025, the Reporting Persons beneficially owned 60,061,000 shares of the issuer's common stock representing 6.9% of its outstanding common stock based upon 865,560,675 of the issuer's common stock outstanding as of June 19, 2025, as disclosed in the issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on June 26, 2025. On August 28, 2025, the issuer's Merger closed, and the shares beneficially owned by the Reporting Persons were converted into the Per Share Consideration, with such terms defined and discussed more fully in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 28, 2025.

SCHEDULE 13G

CUSIP No. 931427108

1

Names of Reporting Persons

Edward A. Mule

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Explanatory Note: As of August 27, 2025, the Reporting Persons beneficially owned 60,061,000 shares of the issuer's common stock representing 6.9% of its outstanding common stock based upon 865,560,675 of the issuer's common stock outstanding as of June 19, 2025, as disclosed in the issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on June 26, 2025. On August 28, 2025, the issuer's Merger closed, and the shares beneficially owned by the Reporting Persons were converted into the Per Share Consideration, with such terms defined and discussed more fully in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 28, 2025.

SCHEDULE 13G

CUSIP No. 931427108

1

Names of Reporting Persons

Robert J. O'Shea

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Explanatory Note: As of August 27, 2025, the Reporting Persons beneficially owned 60,061,000 shares of the issuer's common stock representing 6.9% of its outstanding common stock based upon 865,560,675 of the issuer's common stock outstanding as of June 19, 2025, as disclosed in the issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on June 26, 2025. On August 28, 2025, the issuer's Merger closed, and the shares beneficially owned by the Reporting Persons were converted into the Per Share Consideration, with such terms defined and discussed more fully in the issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 28, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Walgreens Boots Alliance, Inc.
(b)	Address of issuer's principal executive offices: 108 Wilmot Road, Deerfield, IL 60015
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership ("Silver Point"), Mr. Edward A. Mule and Mr. Robert J. O'Shea with respect to the ownership of the issuer's common stock by Silver Point Capital Fund, L.P. and Silver Point Capital Offshore Master Fund, L.P. (collectively, the "Funds"). The Funds are managed by Silver Point or its wholly owned subsidiaries. Silver Point Capital Management, LLC ("Management") is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the securities held by the Funds. Each of Mr. Edward A. Mule and Mr. Robert J. O'Shea is a member of Management and has voting and investment power with respect to the securities held by the Funds and may be deemed to be a beneficial owner of the securities held by the Funds. Silver Point, Mr. Mule and Mr. O'Shea are collectively referred to herein as the "Reporting Persons." The Reporting Persons have entered into a Joint Filing Agreement, dated September 4, 2025, a copy of which is filed with this Schedule 13G, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Suite 1 Greenwich, CT 06830.
(c)	Citizenship: Silver Point Capital is organized as a limited partnership under the laws of the State of Delaware. Both Mr. Mule and Mr. O'Shea are U.S. citizens.
(d)	Title of class of securities: Common Stock, $0.01 par value
(e)	CUSIP No.: 931427108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G, including the explanatory note to the cover pages, are incorporated herein by reference.
(b)	Percent of class: The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G, including the explanatory note to the cover pages, are incorporated herein by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G, including the explanatory note to the cover pages, are incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G, including the explanatory note to the cover pages, are incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G, including the explanatory note to the cover pages, are incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The responses of the Reporting Persons to rows (5) through (11) of the cover pages to this Schedule 13G, including the explanatory note to the cover pages, are incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Response to Item 4.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Silver Point Capital, L.P.

Signature:	/s/ Steven Weiser
Name/Title:	Steven Weiser, Authorized Signatory
Date:	09/04/2025

Edward A. Mule

Signature:	/s/ Steven Weiser
Name/Title:	Steven Weiser, Attorney-in-fact
Date:	09/04/2025

Robert J. O'Shea

Signature:	/s/ Steven Weiser
Name/Title:	Steven Weiser, Attorney-in-fact
Date:	09/04/2025

Exhibit Information

Exhibit Index Exhibit A Joint Filing Agreement dated September 4, 2025 Exhibit B Power of Attorney of Edward A. Mule (incorporated here by reference to Exhibit B to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mule and Robert J. O'Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.). Exhibit C Power of Attorney of Robert J. O'Shea (incorporated here by reference to Exhibit B to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mule and Robert J. O'Shea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).

FAQ

How many WBA shares did Silver Point beneficially own before the merger?

60,061,000 shares, representing 6.9% of 865,560,675 shares outstanding as of June 19, 2025

Why do the cover pages list 0 shares for the Reporting Persons?

Because the issuer's merger closed on August 28, 2025 and the Reporting Persons' shares were converted into the Per Share Consideration, leaving them with 0 common shares at filing

Who filed this Schedule 13G for WBA?

Silver Point Capital, L.P., together with Edward A. Mule and Robert J. O'Shea, filing jointly under a Joint Filing Agreement dated September 4, 2025

Does the filing state the Reporting Persons sought to influence control of WBA?

No. The certification states the securities were not acquired or held for the purpose of changing or influencing control of the issuer

When did the merger that affected these holdings close?

August 28, 2025

What outstanding share count was used to compute the 6.9% figure?

865,560,675 shares outstanding as disclosed by the issuer as of June 19, 2025