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NEW YORK – Laboratory Corporation of America said Monday that it plans to offer two tranches of senior notes.

The company said it will use the proceeds for purposes including to purchase, redeem, or repay at maturity outstanding 2.625 percent senior notes that are due on February 1, 2020; repay some or all of the amounts outstanding under its term loan credit facilities; and purchase of up to $300 million of its outstanding $600 million of 4.625 percent senior notes due November 15, 2020 in a tender offer that the firm also announced on Monday.

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