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Hologic Offers $350M in Senior Notes, Inks $1.5B Loan and $1.5B Revolving Credit Agreements

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.

Hologic Chief Financial Officer Bob McMahon said in a statement that the new credit agreement "extends our debt maturities and increases our financial flexibility. In addition, increasing the size of our revolver will provide some of the capacity to retire our remaining convertible notes when they become callable." 

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