---
schema_version: "secwatch.filing_event.v1"
accession: "0001965040-23-000005"
form_type: "8-K"
ticker: "FTRE"
cik: "0001965040"
company_name: "Fortrea Holdings Inc."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T03:19:58.025266+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fortrea prices $570M senior secured notes at 7.5% due 2030 for spinoff funding

## Summary
- $570M senior secured notes priced at 7.500% interest, maturing July 1, 2030.
- Proceeds to fund portion of $1.605B cash distribution to Labcorp and transaction fees.
- Notes held in escrow; spinoff closing required, else mandatory redemption by Sept 30, 2023.
- Closing expected June 27, 2023 subject to customary conditions.

## SEC filing metadata
- accession: 0001965040-23-000005
- form_type: 8-K
- ticker: FTRE
- cik: 0001965040
- company_name: Fortrea Holdings Inc.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1965040/000196504023000005/0001965040-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1965040/000196504023000005/ftre-20230612.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001965040-23-000005
- JSON: https://secwatch.observer/filing/0001965040-23-000005.json
- Plain text: https://secwatch.observer/filing/0001965040-23-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.