debt
confidence high
sentiment neutral
materiality 0.60
Illumina prices $500M of 4.650% notes due 2026; proceeds to repay GRAIL spin-off debt
ILLUMINA, INC.
- $500M aggregate principal of 4.650% notes maturing 2026 in an underwritten public offering.
- Offering expected to close Sept 9, 2024, subject to customary closing conditions.
- Net proceeds to repay part of $750M 364-day delayed draw credit agreement used for GRAIL spin-off.
- Offering conducted under effective shelf registration statement.