debt
confidence high
sentiment neutral
materiality 0.65
Illumina closes $500M 4.750% notes due 2030; proceeds for refinancing and SomaLogic acquisition
ILLUMINA, INC.
- Closed $500M public offering of 4.750% notes due December 12, 2030, issued under existing indenture.
- Net proceeds earmarked to refinance $500M of 5.800% notes maturing Dec 2025 and fund SomaLogic acquisition.
- Interest payable semi-annually at 4.750%; notes unsecured and may be redeemed at company's option.
- Offering registered on Form S-3; trustee is U.S. Bank Trust Company, National Association.