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The company plans to use the new funding, which will come from the sale of convertible senior notes due 2028, to support unspecified future growth initiatives.
The firm expects to raise $75 million from the senior notes offering and approximately $25 million from the public offering.
The firm plans to raise $25 million in a public offering of shares of its common stock and $75 million in a senior notes offering to institutional buyers.
The company will use a portion of the proceeds to enter into capped call transactions and the remainder for various corporate activities.
The company said it intends to use proceeds for general corporate purposes, including working capital and refinancing of outstanding indebtedness.
The notes are general senior unsecured obligations of Hologic guaranteed by certain domestic subsidiaries and expire on Feb. 15, 2029.
Hologic intends to use the proceeds of the offering and available cash to refinance its existing 4.375 percent senior unsecured notes due in 2025.
The company said that dried blood-spot sampling improves access to HIV diagnostic testing and care, particularly among HIV-infected people living in remote areas.
The company plans to use the funds for general corporate purposes, including, together with cash on hand, to repay borrowings under its term loan facility.
The firm anticipates using the proceeds for working capital and general corporate purposes, and to pay the net cost of convertible-note hedge transactions.
Politico reports that the NYPD DNA database has grown since it announced it would be removing profiles from it.
Forbes reports that a structural biology lab at Oxford University studying the coronavirus was hacked.
Science reports that a Dutch research funding agency is combating a ransomware attack.
In Science this week: set of 64 haplotype assemblies from 32 individuals, and more.