debt
confidence high
sentiment neutral
materiality 0.50
Bio-Rad closes $1.2B senior notes offering (3.300% 2027 & 3.700% 2032)
BIO-RAD LABORATORIES, INC.
- $400M 3.300% notes due 2027 and $800M 3.700% notes due 2032 issued at par.
- Net proceeds of approximately $1.186 billion after underwriting discount and expenses.
- Proceeds for general corporate purposes, including working capital, capex, and potential M&A.
- Joint book-runners: Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities.
- Closing date March 2, 2022; offering pursuant to shelf registration statement on Form S-3.