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Thermo Fisher Sells $750M in Senior Notes

By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Thermo Fisher Scientific today said that it had sold a total of $750 million worth of senior notes through two offerings.

The firm said that it issued $450 million worth of 3.2 percent senior notes due 2015 and $300 million of 4.7 percent senior notes due 2020. The notes mature on May 1 of their respective years. Interest is payable twice a year on Nov. 1 and May 1, beginning with Nov. 1 2010.

Thermo Fisher said last week that proceeds from the $750 million notes offerings will be used to redeem all outstanding 6-1/2 percent senior subordinated notes due 2015 at a redemption price of $1,030.63 per $1,000 on July 1, 2010.

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