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Beckman Coulter Files for Resale of $600M in 2.5 Percent Convertible Notes

NEW YORK (GenomeWeb News) - Beckman Coulter has filed a registration statement with the US Securities and Exchange Commission for the resale of $600 million in 2.5 percent convertible senior notes due 2036. The registration allows holders to resell the securities with certain conditions.
The company said it will not receive any proceeds from the resale of the securities by the selling holders.
Beckman issued the notes in December 2006. At the time, it said it planned to use the funds to pay outstanding debts and to fund R&D projects.