Thermo Fisher issues $2.95B senior notes, redeems $1B floating-rate notes

THERMO FISHER SCIENTIFIC INC.

Issued $600M 4.953% notes due 2026, $750M 4.977% notes due 2030, $1B 5.086% notes due 2033, $600M 5.404% notes due 2043.
Net proceeds ~$2.92B; $1B to redeem $500M Floating Rate Notes 2023 and $500M Floating Rate Notes 2024.
Remaining proceeds for general corporate purposes including acquisitions, debt refinancing, or share repurchases.
Concurrently entered into $2.95B Japanese yen cross currency swaps.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

THERMO FISHER SCIENTIFIC INC. entered into Twenty-Seventh Supplemental Indenture with The Bank of New York Mellon Trust Company, N.A. valued at $2,950,000,000 aggregate principal amount (effective 2023-08-10).

Action: entry
Agreement: notes offering
Counterparty: The Bank of New York Mellon Trust Company, N.A.
Value: $2,950,000,000 aggregate principal amount
Effective: 2023-08-10

Exact text from the filing

On August 10, 2023, Thermo Fisher Scientific Inc. (the “Company”) issued $600,000,000 aggregate principal amount of 4.953% Senior Notes due 2026 (the “2026 Notes”), $750,000,000 aggregate principal amount of 4.977% Senior Notes due 2030 (the “2030 Notes”), $1,000,000,000 aggregate principal amount of 5.086% Senior Notes due 2033 (the “2033 Notes”) and $600,000,000 aggregate principal amount of 5.404% Senior Notes due 2043 (the “2043 Notes” and, together with the 2026 Notes, the 2030 Notes and the 2033 Notes, the “Notes”) in a public offering (the “Offering”) pursuant to a registration statement on Form S-3 (File No. 333-263034) and a preliminary prospectus supplement and prospectus supplement related to the offering of the Notes, each as previously filed with the Securities and Exchange Commission.

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33 material agreements filed in the last 30 days. Browse all material agreements →

THERMO FISHER SCIENTIFIC INC. filing history →

Source: SEC EDGAR

accession 0001140361-23-039086

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