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Thermo Fisher prices USD750m offering of senior notes

Posted on: Mon, 16 Nov 2009 05:09:00 EST

Symbols: TMO

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Nov 16, 2009 (M2 EQUITYBITES via COMTEX) --
TMO | Quote | Chart | News | PowerRating -- Thermo Fisher Scientific Inc (NYSE:TMO), which provides analytical
instruments and laboratory products and services, has priced its
private placement offering of two series of senior notes totalling
USD750m, the company stated on Friday.

The USD350m aggregate principal amount of 2.15% senior notes due 2012
have an issue price of 99.855% of the principal amount, while the
USD400m aggregate principal amount of 3.25% senior notes due 2014 have
an issue price of 99.904% of the principal amount.

The notes will pay interest on a semi-annual basis and this issuance is
expected to close on 20 November 2009.

Proceeds will be used to refinance certain outstanding Thermo Fisher
debts. The company will initiate a tender offer for the USD295.36m
outstanding principal amount of 2.50% senior convertible notes due
2023, besides redeeming the USD300m outstanding principal amount of 6
3/4% senior subordinated notes due 2014.

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