LabCorp noteholders put $34,000 LYONs

By Angela McDaniels

Seattle, Sept. 22 - Laboratory Corp. of America Holdings purchased $34,000 principal amount at maturity of its Liquid Yield Option Notes due 2021 during a put option on Thursday, according to a company news release.

LabCorp said it paid $741.92 per $1,000 principal amount at maturity of notes for a total consideration of $25,225.28.

Roughly $743.97 million of the LYONs remain outstanding.

LabCorp is based in Burlington, N.C., and develops diagnostic technologies through genomic testing.

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