Thermo Fisher to use new notes proceeds to redeem $1 billion of floaters

By Mary-Katherine Stinson

Lexington, Ky., Aug. 7 – Thermo Fisher Scientific Inc. plans to use the proceeds from a new senior notes offering to redeem two series of floating-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.

The company will use the proceeds to fully redeem all outstanding $500 million of its floating-rate senior notes due Oct. 18, 2023 and all outstanding $500 million of its floating-rate senior notes due Oct. 18, 2024 plus accrued interest, fees and related expenses.

The 2023 notes were bearing interest at 5.42258% and the 2024 notes at 5.56258% annually as of July 18.

Thermo Fisher is a Waltham, Mass.-based scientific company.

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