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Olympus offers $500 million five-year senior notes; price talk Treasuries plus 110 bps area
By Cristal Cody
Chicago, Dec. 2 – Olympus Corp. released price talk for its upcoming issue of $500 million of senior notes due Dec. 8, 2026 (Baa2/BBB+) in the Treasuries plus 110 basis points area, according to a market source.
BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are listed as bookrunners.
Global fixed-income investor calls were held on Monday for the Rule 144A and Regulation S issue.
The proceeds are expected to be used to refinance debt and for growth investments, according to S&P Global Ratings.
Olympus is a Tokyo-based digital camera company that also makes endoscopes, microscopes and other medical equipment developed under the concept of opto-digital technology.
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