Fisher Scientific tenders for 8 1/8% notes

New York, April 14 - Fisher Scientific International Inc. announced a cash tender offer for its $304 million principal amount of 8 1/8% senior subordinated notes due 2012.

For each $1,000 principal amount of the notes, the Hampton, N.H., provider of scientific products and services is offering the present value of $1,040.63, the redemption price on May 1, 2007, plus the present value of the scheduled interest payments through May 1, 2007. The present value will be calculated using a discount rate equal of 75 basis points over the yield of the 3¾% U.S. Treasury note due March 31, 2007.

The total includes a $30.00 per $1,000 consent payment that will only be paid to holders who tender by the consent deadline of 5 p.m. ET on April 27.

The tender expires at midnight ET on May 11.

As part of the tender offer, Fisher Scientific is soliciting consents to amend the note indenture to eliminate substantially all of the restrictive covenants and amend certain events of default.

The offer is subject to conditions including Fisher receiving sufficient consents.

Additional information is available from the information agent, Global Bondholder Services Corp. (call collect 212 430-3774 or 866 804-2200), or Banc of America Securities LLC (call High Yield Special Products collect at 704 388-9217 or 888 292-0070).

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