Hologic Launches $1 Bln Private Senior Note Offering

(RTTNews) - Hologic, Inc. (HOLX) said Thursday that it has launched a private offering of $1.0 billion aggregate principal amount of its senior notes due 2022.

The company said it plans to use the proceeds of the offering, plus available cash, to redeem its outstanding 6.25% senior notes due 2020 in the aggregate principal amount of $1.0 billion.

Hologic will redeem the 2020 notes on August 1, subject to the completion of the offering and the receipt of its proceeds, for an aggregate redemption price of $1.03125 billion. In addition, Hologic will make a final interest payment in the amount of $31.25 million for interest accrued to August 1, to holders of record of the 2020 notes as of July 15.