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Hologic Prices $1B Senior Notes Offering

NEW YORK (GenomeWeb) – Hologic said Tuesday that it has priced and allocated its previously announced private offering of $1 billion in senior notes.

It priced $600 million of additional 4.375 percent senior notes due in 2025 at an issue price of $1,000 per $1,000, and $400 million of 4.625 percent senior notes due in 2028 at an issue price of $1,000 per $1,000.

Hologic will issue the additional 2025 notes under an indenture dated Oct. 10, 2017 that governs its 4.375 percent senior notes due in 2025. It will issue the new 2028 notes pursuant to a new indenture to be executed upon closing the offering. 

The firm said that it intends to use the net proceeds and available cash, which could include funds from a secured revolving credit facility, to redeem its outstanding 5.25 percent senior notes due in 2022 in the amount of $1 billion.

The new and additional notes offering is expected to close on Jan. 19.