New Issue: Hologic prices $950 million 8.3-year senior notes at par to yield 3¼%

By Paul A. Harris

Portland, Ore., Sept. 14 – Hologic, Inc. priced a $950 million issue of senior notes due Feb. 15, 2029 (Ba2/BB-) at par to yield 3¼% in a Monday drive-by, according to a syndicate source.

The yield printed on top of talk in the 3¼% area.

Goldman Sachs & Co. LLC was the left bookrunner. Joint bookrunners were BofA Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, MUFG and Wells Fargo Securities LLC.

The Marlborough, Mass.-based medical technology company plans to use the proceeds, together with available cash, which may include proceeds from its secured revolver, to pay off its 4 3/8% senior notes due 2025 on or about Oct. 15, 2020.

Issuer:	Hologic, Inc.
Amount:	$950 million
Maturity:	Feb. 15, 2029
Securities:	Senior notes
Left bookrunner:	Goldman Sachs & Co. LLC
Joint bookrunners:	BofA Securities Inc., J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, MUFG and Wells Fargo Securities LLC
Senior co-managers:	DNB and SMBC Nikko Securities America Inc.
Co-managers:	TD Securities (USA) LLC, Mizuho Securities USA Inc., PNC Capital Markets Corp., Santander Investment Securities Inc., Scotia Capital (USA) Inc., Citizens Capital Markets Inc., JMS, KeyBanc Capital Markets Inc. and U.S. Bancorp Investments Inc.
Coupon:	3¼%
Price:	Par
Yield:	3¼%
Spread:	270 bps
Call protection:	Three years
Trade date:	Sept. 14
Settlement date:	Sept. 28
Ratings:	Moody's: Ba2
	S&P: BB-
Distribution:	Rule 144A and Regulation S for life
Price talk:	3¼% area
Marketing:	Drive-by

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