Hologic to redeem $1 billion 5¼% notes due 2022 via new issue, add-on

By Susanna Moon

Chicago, Jan. 16 – Hologic, Inc. said it will redeem its $1 billion principal amount of 5¼% senior notes due 2022 using proceeds of a new issue.

The notes will be redeemed on Feb. 15 at par plus a premium and accrued interest through the day immediately preceding the redemption date, according to an announcement.

Hologic said it plans to price a private offering of $1 billion principal amount of senior notes, to be allocated between additional 4 3/8% senior notes due 2025 and new senior notes due 2028 under Rule 144A and Regulation S.

The additional 2025 notes will be issued under the indenture dated Oct. 10, 2017.

The company said it also may use available cash including funds from its secured revolving credit facility to redeem the notes.

Hologic is a Marlborough, Mass.-based medical technology company.

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