debt
confidence high
sentiment neutral
materiality 0.50
Thermo Fisher redeems $1B floating-rate notes, prices $2.95B new fixed-rate notes
THERMO FISHER SCIENTIFIC INC.
- Redeems $500M floating-rate notes due 2023 and $500M due 2024 on Aug 18 at par plus accrued interest.
- Priced $2.95B in new notes: $600M 4.953% due 2026, $750M 4.977% due 2030, $1B 5.086% due 2033, $600M 5.404% due 2043.
- New offering expected to close Aug 10, 2023; proceeds to fund the $1.0B redemption.