PerkinElmer plans redemption of 5% notes due 2021 via new issue

Chicago, Sept. 13 – PerkinElmer, Inc. gave notice for redemption of all of its outstanding 5% senior notes due 2021, according to a company news release.

The notes will be redeemed on Oct. 13 at a redemption price equal to the greater of either 100% of the principal amount or the sum of the present values of the remaining scheduled payments of principal and interest, discounted to the redemption date on a semiannual basis at the Treasury rate plus 45 basis points. The redemption price will also include unpaid interest to the redemption date.

In previous reporting, it was announced that the redemption would be funded with proceeds of a new issue of $850 million 3.3% 10-year notes. The notes priced Tuesday.

The technology company is based in Waltham, Mass.

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