secwatch.observer — SEC 8-K summary
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Issuer:     LABCORP HOLDINGS INC. (LH)
CIK:        0000920148
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001193125-24-223695
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Labcorp issues $2B in three tranches to refinance near-term debt maturities
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- Issued $650M 4.350% notes due 2030, $500M 4.550% notes due 2032, $850M 4.800% notes due 2034.
- Net proceeds ~$1.982B to redeem 2.300% notes due 2024, 3.600% notes due 2025, and $350M revolver borrowings.
- Interest payable semi-annually from April 1, 2025; notes redeemable at make-whole premium before respective par call dates.
- Notes are senior unsecured obligations guaranteed by Labcorp Holdings Inc.; covenants limit liens and subsidiary debt.
- Offering completed under effective shelf registration; underwritten public offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920148/000119312524223695/0001193125-24-223695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920148/000119312524223695/d844966d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-223695

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