Thermo Fisher floater holders receive contingent interest this quarter

By Marisa Wong

Milwaukee, Jan. 29 - Thermo Fisher Scientific Inc. gave notice to the holders of its Apogent Technologies Inc. floating-rate convertible senior debentures due 2033 that they have the right to receive contingent interest for the current quarterly interest period ending March 15.

The contingent interest is payable because the average trading price was equal to 120% or more of the principal amount of the bonds for the relevant measurement period. The amount of interest payable for the quarterly period is equal to 0.0625% of the average trading price of the debentures.

Thermo Fisher assumed the Apogent Technologies debentures as part of its acquisition of Fisher Scientific International Inc. in 2006. Fisher acquired Apogent Technologies in 2004.

The Bank of New York Mellon is the trustee for the debentures.

Based in Waltham, Mass., Thermo Fisher specializes in high-end analytical instruments, laboratory equipment, software, services, consumables and reagents.

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