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NEW YORK – Laboratory Corporation of America said on Monday that it has priced its $1.05 billion offering of senior notes.

The offering consists of two tranches, one, a $400 million aggregate principal amount of 2.3 percent senior notes due 2024, and the other a $650 million aggregate principal amount of 2.95 percent senior notes due 2029.

The notes will bear interest from November 25, 2019, which will be paid semi-annually on June 1 and December 1, starting June 1, 2020. The offer is expected to close on November 25, 2019.

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