Thermo Fisher Scientific to repay term loan with new note proceeds

By Tali Rackner

Norfolk, Va., Aug. 2 – Thermo Fisher Scientific Inc. plans to repay all of the outstanding debt under its term loan facility with the net proceeds from an offering of euro-denominated senior floating-rate notes due 2018 to be issued by Thermo Fisher Scientific (Finance I) BV, according to a 424B5 filing with the Securities and Exchange Commission.

The term loan facility, which matures on March 6, 2017, was closed on March 7 to help fund the company’s acquisition of Affymetrix, Inc.

Any remaining note proceeds will be used for general corporate purposes, which may include repayment, redemption or refinancing of debt, capital expenditures, funding of possible acquisitions, working capital, satisfaction of other obligations or the repurchase of outstanding equity securities.

Thermo Fisher is a Waltham, Mass.-based science technology company.

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