Thermo Fisher Scientific to redeem $2.2 billion of notes from two series

By Mary-Katherine Stinson

Lexington, Ky., Nov. 18 – Thermo Fisher Scientific Inc. announced on Thursday it will redeem $2.2 billion from two series of senior notes on Dec. 3, according to a company release.

The redemption consists of $1.1 billion of the 4.133% senior notes due 2025 and $1.1 billion of the 4.497% senior notes due 2030.

The redemption prices will be the greater of par and the sum of the present values of the remaining scheduled payments discounted to the redemption date on a semiannual basis using Treasuries plus 50 bps. Interest will also be paid to the redemption date.

The company plans to fund the redemption with cash on hand.

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

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