Thermo Fisher to redeem all $1.95 billion of notes from two series

By Rebecca Melvin

Concord, N.H., Dec. 15 – Thermo Fisher Scientific Inc. announced on Wednesday it will redeem all $1.95 billion from two series of senior notes on Dec. 30, according to an 8-K filed with the Securities and Exchange Commission.

Notes to be redeemed are the $1.2 billion 2.95% senior notes due 2026 and $750 million 3.2% senior notes due 2027.

The 2026 notes will be redeemed at par and a make-whole discounted at Treasuries plus 25 basis points plus accrued interest, and the 2027 notes will be redeemed at par and a make-whole discounted at Treasuries plus 20 bps plus accrued interest.

The company intends to fund the redemption price of about $1.95 billion using cash on hand.

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

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