NEW YORK (GenomeWeb) – Laboratory Corporation of America today priced its offering of $1.2 billion in senior notes.

The offering consists of two tranches, a $600 million aggregate principal of 3.25 percent senior notes due in 2024, and a $600 million aggregate principal amount of 3.6 percent senior notes due in 2027. The closing of the offering is expected on Aug. 22, and LabCorp plans to use the net proceeds for general corporate purposes, including the repayment at maturity of outstanding 2.2 percent senior notes due on Aug. 23.

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