Hologic holders may put, convert $405 million 2% notes; call issued

By Susanna Moon

Chicago, Nov. 14 - Hologic, Inc. announced the put option on its $405 million of outstanding 2% convertible senior notes due 2037 for repurchase at par plus accrued interest on Dec. 13.

Holders may exercise their put option on the convertibles until 5 p.m. ET on Dec. 12.

The company also called the notes for redemption any notes outstanding on Dec. 18 at par plus accrued interest to but excluding the redemption date.

As a result, the notes are convertible until 5 p.m. ET on Dec. 17 at a conversion rate of 25.911 shares per $1,000 principal amount outstanding, equal to a conversion price of about $38.59 per share.

The company's stock (Nasdaq: HOLX) closed at $20.59 on Nov. 13.

Wilmington Trust Co. (attn.: Sam Hamed, 302 636-6181, fax 302 636-4139, or email shamed@wilmingtontrust.com) is the trustee, paying agent and conversion agent.

Hologic is a Bedford, Mass.-based provider of diagnostics products, medical imaging systems and surgical products.

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