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Alere driving by with $425 million seven-year senior notes Monday
By Paul A. Harris and Aleesia Forni
Virginia Beach, Va., May 13 - Alere Inc. is planning to hit Monday's market with $425 million seven-year senior subordinated notes, according to a market source.
Goldman Sachs & Co., Jefferies & Co. and Credit Suisse Securities (USA) LLC are the joint bookrunners.
The Rule 144A and Regulation S notes will be non-callable for three years.
Proceeds will be used to fund the tender for the company's $400 million 9% senior subordinated notes due 2016 and to redeem any 9% notes not tendered.
Alere is a Waltham, Mass.-based provider of near-patient diagnosis, monitoring and health management.
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