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Hologic Completes $1B Senior Notes Placement

NEW YORK (GenomeWeb) – Hologic said Friday that it has completed a previously announced private placement of $1 billion in senior notes.

In a filing with the US Securities and Exchange Commission, the firm said it allocated $600 million of its 4.375 percent senior notes due in 2025 at an offer price of 100 percent of the aggregate principal amount of its 2025 notes, plus accrued and unpaid interest from Oct. 10, 2017. It allocated $400 million of its new 4.625 percent senior notes due in 2028 at an offer price of 100 percent of the aggregate principal amount of the 2028 notes. 

The firm has said that it intends to use the net proceeds and available cash, which could include funds from a secured revolving credit facility, to redeem its outstanding 5.25 percent senior notes due in 2022 in the amount of $1 billion.