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Owens & Minor to price $500 million two-part offering of notes Thursday
By Aleesia Forni
Virginia Beach, Sept. 11 – Owens & Minor Inc. is in Thursday’s market with a $500 million two-part offering of senior notes in tranches due 2021 and 2024, according to a market source and a 424B2 filed with the Securities and Exchange Commission.
BofA Merrill Lynch, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.
Proceeds will be used to fund the acquisition of Medical Action Industries Inc., to fund the redemption of all of the company’s outstanding 6.35% senior notes due 2016 and for other general corporate purposes.
The Mechanicsville, Va.-based company is a distributor of medical and surgical supplies.
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