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NEW YORK (GenomeWeb) – Hologic today announced an offering of $350 million of senior notes due in 2025. The proceeds are expected to contribute to retirement of remaining convertible notes, the firm said.

The company said that it has also entered into an amended and restated credit agreement consisting of a new, five-year $1.5 billion senior term loan and $1.5 billion revolving credit facility. It noted that it has used the initial proceeds from the credit agreement to pay off its previous senior secured term loan and revolver.

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The Hill reports President Donald Trump issued an executive directing federal agencies to cut the number of board and advisory committees they have.

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