Marlborough medical technology device company Hologic plans to launch a nearly $1-billion private offering to refinance existing unsecured notes due in 2025, the company announced on Monday.
Subject to market and other conditions, Hologic will begin a private offering of $950 million aggregate principal amount of senior notes due in 2029. The company plans to use the proceeds of the offering and available cash to refinance its existing 4.375% senior unsecured notes due 2025.Â
Current cash will be used to pay transaction-related premiums, fees and expenses, according to Hologic’s press release on Monday.
The 2029 notes will only be offered to qualified institutional buyers, in accordance with the Securities Act.
Hologic plans to redeem all of its outstanding 2025 notes around Oct. 15.
