Skip to main content
Premium Trial:

Request an Annual Quote

PerkinElmer Wins Approval to Amend Notes

NEW YORK, Nov. 8 (GenomeWeb News) - PerkinElmer has received the requisite consents approving its cash tender offer for outstanding notes, the company said today.

 

The company first announced the cash tender offer for any and all of its 8 7/8-percent Senior Subordinated Notes due 2013 on Oct. 25. As part of the offer, PerkinElmer solicited noteholders' consents to amend certain provisions of the notes and conditions under which the notes were issued.

 

Approximately 96 percent, or $260 million, of the $270 million outstanding principal amount of notes, have been tendered by the deadline, which was yesterday at 5:00 p.m. EST.

 

The notes' purchase price, determined today but not disclosed, is a "fixed spread" price, calculated using a yield equal to a fixed spread of 50 basis points plus the yield to maturity of the 3.000 percent US Treasury Note due Feb. 15, 2008. The price includes a consent payment that is equal to $20 per $1,000 principal amount of the notes.

 

The tender offer expires at 9:00 a.m. EST on Nov. 23.

 

PerkinElmer has retained Citigroup Corporate and Investment Banking and Goldman Sachs as the dealer managers and Global Bondholder Services Corporation as the depositary and information agent for the offer.

The Scan

Two J&J Doses

Johnson & Johnson says two doses of its SARS-CoV-2 vaccine provides increased protection against symptomatic COVID-19, CNN reports.

Pfizer-BioNTech Vaccine Response in Kids

The Pfizer-BioNTech SARS-CoV-2 vaccine in a lower-dose format appears to generate an immune response among children, according to the Washington Post.

Chicken Changes to Prevent Disease

The Guardian writes that researchers are looking at gene editing chickens to help prevent future pandemics.

PNAS Papers on Siberian Dog Ancestry, Insect Reproduction, Hippocampal Neurogenesis

In PNAS this week: ancestry and admixture among Siberian dogs, hormone role in fruit fly reproduction, and more.