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PerkinElmer to Redeem Unsecured Notes

NEW YORK – PerkinElmer said today that it is redeeming all of its outstanding 5 percent unsecured notes due in 2021.

The company did not provide an aggregate principal amount for the notes still outstanding.

The company is redeeming the notes on Oct. 13 at a price equal to the greater of 100 percent of the principal amount of the notes; and the sum of the present values of the remaining schedule payments of principal and interest, discounted to the redemption date on a semi-annual basis at the Treasury rate, plus 45 basis points.

For either case, the redemption price will also include accrued and unpaid interest on the 2021 notes to, but excluding, the redemption date, the Waltham, Massachusetts-based company said.

Earlier this week, PerkinElmer said it would offer $850 million in aggregate principal 3.3 percent senior notes due in 2029.