secwatch.observer — SEC 8-K summary
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Issuer:     LABCORP HOLDINGS INC. (LH)
CIK:        0000920148
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001193125-24-221373
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Labcorp subsidiary prices $2B senior notes offering to refinance existing debt
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- Labcorp subsidiary (LCAH) prices $2B in three senior note tranches: $650M at 4.350% due 2030, $500M at 4.550% due 2032, $850M at 4.800% due 2034.
- Net proceeds to redeem $400M of 2.30% notes due Dec 2024 and $1B of 3.60% notes due Feb 2025, plus repay $350M revolver.
- Closing expected Sept 23, 2024; Labcorp provides full and unconditional guarantee of notes.
- Notes issued at slight discount: 2030 at 99.931%, 2032 at 99.608%, 2034 at 99.755% of par.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920148/000119312524221373/0001193125-24-221373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920148/000119312524221373/d863377d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-221373

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