Illumina plans to price fixed-rate senior notes in two tranches

By Marisa Wong

Los Angeles, Nov. 29 – Illumina, Inc. is planning a two-part offering of dollar-denominated fixed-rate senior notes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call followed by a par call.

If a change-of-control triggering event occurs, the notes will be putable at 101.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are the joint bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Cravath, Swaine & Moore LLP will act as counsel for the issuer, and Davis Polk & Wardwell LLP will be counsel to the underwriters.

Proceeds will be used for general corporate purposes, including repayment of upcoming debt maturities.

Based in San Diego, Illumina provides products and services related to sequencing- and array-based solutions for genetic and genomic analysis.

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