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Hologic Prices Private Senior Notes Offering

NEW YORK (GenomeWeb) – Hologic today priced its private offering of $1 billion aggregate principal amount of 5.25 percent senior notes due 2022 at an issue price of $1,000 per $1,000.

As the Bedford, Massachusetts-based firm said yesterday when it announced the offering, it plans to use the proceeds, along with available cash, to redeem its outstanding 6.25 percent senior notes due 2020 in the aggregate principal amount of $1 billion.

It said it will redeem the 2020 notes on Aug. 1, 2015 for an aggregate redemption price of $1.03125 billion. Hologic also said it will make a final interest payment in the amount of $31.25 million for interest accrued to Aug. 1, 2015 to holders of record of the 2020 notes as of July 15, 2015.  

Since the notes are not being registered under the Securities Act of 1933, the notes are not being offering or sold in the US. They will be offered to qualified institutional investors, Hologic said.

Holgic said that the 2022 notes will be unsecured obligations of the company and will be guaranteed by certain of its direct and indirect subsidiaries. The offering is expected to close on July 2, 2015.