PKI - PerkinElmer raises $800M through notes offering

PerkinElmer (PKI) has priced $400M of 2.550% senior notes due 2031 at 99.965% of the principal amount and $400M of 3.625% senior notes due 2051 at 99.999% of the principal amount. Offering is expected to close on March 8.Interest on notes will be payable on a semi-annual basis. The company plans to use ~$561M of the net proceeds to repay amounts borrowed under its senior unsecured revolving credit facility to fund a portion of the purchase price for its acquisition of Oxford Immunotec Global PLC and the remaining net proceeds to repay at maturity a portion of its outstanding €300M of 0.600% senior notes due 2021.

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PerkinElmer raises $800M through notes offering