Thermo Fisher plans to redeem all 4.7% and 3.15% notes on Sept. 27

Chicago, Sept. 12 – Thermo Fisher Scientific Inc. notified holders that it plans to fully redeem its 4.7% senior notes due 2020 and its 3.15% senior notes due 2023 on Sept. 27, according to an 8-K filing with the Securities and Exchange Commission.

The 2020 notes will be redeemed at a redemption price equal to the greater of par or the sum of the present values of the remaining scheduled payments to be redeemed discounted to the redemption date on a semiannual basis at a comparable Treasury rate plus 15 basis points plus unpaid interest to the redemption date.

The 2023 notes will be redeemed at a redemption price equal to the greater of par or the sum of the present values of the remaining scheduled payments of the notes discounted to the redemption date on a semiannual basis at a comparable Treasury rate plus 25 bps and unpaid interest.

The redemption will be funded through new debt issuance.

Thermo Fisher is a Waltham, Mass.-based science technology company.

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