Idexx Labs sells $125 million 2.5% 10-year notes to Metropolitan Life

By Devika Patel

Knoxville, Tenn., March 27 – The week ended with one private placement announced on Friday.

Westbrook, Maine-based Idexx Laboratories, Inc., a provider of diagnostics and technologies for better veterinary care and safer food and water, priced $125 million of 2.5% 10-year D senior notes.

Idexx plans to issue the notes due April 2, 2030 to Metropolitan Life Insurance Co. on April 2 under the companies’ Dec. 19, 2014 multicurrency note purchase and private shelf agreement.

The agreement was also increased to $300 million from $150 million. The company also extended the date through which it may issue notes under the shelf to Dec. 20, 2022.

Proceeds will be used for general corporate purposes.

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