Close Menu

senior notes offering

The company will use a portion of the proceeds to enter into capped call transactions and the remainder for various corporate activities.

The company said it intends to use proceeds for general corporate purposes, including working capital and refinancing of outstanding indebtedness.

The notes are general senior unsecured obligations of Hologic guaranteed by certain domestic subsidiaries and expire on Feb. 15, 2029.

Hologic intends to use the proceeds of the offering and available cash to refinance its existing 4.375 percent senior unsecured notes due in 2025.

The company said that dried blood-spot sampling improves access to HIV diagnostic testing and care, particularly among HIV-infected people living in remote areas.

The company plans to use the funds for general corporate purposes, including, together with cash on hand, to repay borrowings under its term loan facility. 

The company said that it expects to use the funds for general corporate purposes including the repayment of existing senior notes due 2021.

The firm anticipates using the proceeds for working capital and general corporate purposes, and to pay the net cost of convertible-note hedge transactions.

The company said it intends to use the proceeds for general corporate purposes and to repay borrowings under its term loan facility.

The notes will be sold at an initial effective conversion price of about $38.79 per share, approximately a 30 percent premium to Monday's $29.84 per share closing price.

Pages