Fisher Scientific receives needed consents for 6 1/8%, 6¾% notes

By Angela McDaniels

Seattle, Sept. 21 - Fisher Scientific International Inc. said it received the required consents from noteholders to amend the indentures governing its 6¾% senior subordinated notes due 2014 and 6 1/8% senior subordinated notes due 2015.

The consent solicitation began on Sept. 6 and ended Wednesday.

Noteholders who consented will receive $1.25 for each $1,000 principal amount of notes.

The consent solicitation followed Fisher's May 8 agreement to combine with Thermo Electron Corp., which will become a co-obligor on the notes. Noteholders will receive the consent payment only after the merger is completed.

Fisher sought consents from a majority of noteholders to amend the filing and credit ratings provisions of the note indentures.

Under the amendments, Fisher's filing requirements will be fulfilled when Thermo, Fisher's direct parent after the merger, files its periodic reports with the Securities and Exchange Commission. The amendments also ensure that the credit rating necessary for termination or suspension of some terms of the indenture would be the rating of the relevant series of notes.

Deutsche Bank Securities Inc., liability management group (866 627-0391 or collect 212 250-2955) was the solicitation agent, and Global Bondholder Services Corp. (866 470-4200 or banks and brokers at 212 430-3774) was the information agent and tabulation agent.

Fisher is a supplier of scientific products and services based in Hampton, N.H.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.