WALTHAM, Mass.--(BUSINESS WIRE)-- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, announced today that it has priced its previously announced offering of senior notes:
- $1 billion aggregate principal amount of 2.250% senior notes due 2016 at an issue price of 99.826% of the principal amount, and
- $1.1 billion aggregate principal amount of 3.600% senior notes due 2021 at an issue price of 99.809% of the principal amount.
The issuance of the notes is expected to close on August 16, 2011. The notes will pay interest on a semi-annual basis.
The company plans to use the proceeds of the offering to fund, in part, the company’s acquisition of Phadia. The aggregate purchase price of this transaction is estimated to be €2.47 billion (approximately $3.5 billion). The Phadia acquisition was announced by the company on May 19, 2011.
The joint book-running managers for the offering are Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., RBS Securities Inc., and Goldman, Sachs & Co.
Thermo Fisher has filed a registration statement on Form S-3 (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for this offering. Prospective investors should read the prospectus forming a part of that registration statement and the prospectus supplement related to the offering and the other documents that the company has filed with the SEC for more complete information about the company and this offering. These documents are available at no charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, these documents will be made available upon request by the company or by any active joint book-running manager for the offering. Interested parties may obtain a prospectus or the related preliminary prospectus supplement from Barclays Capital Inc. by directing a request to Barclays Capital Inc., c/o Broadridge Integrated Prospectus Distribution, 1155 Long Island Avenue, New York, NY 11717, or by calling 1-888-603-5847; from Merrill Lynch, Pierce, Fenner & Smith Incorporated by directing a request to 1-800-294-1322 or from J.P. Morgan Securities LLC by directing a request to J.P. Morgan Securities LLC, 383 Madison Avenue, New York, NY 10179, Attn: High Grade Syndicate Desk – 3rd Floor or by calling 212-834-4533.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
KEYWORDS: United States North America Massachusetts
INDUSTRY KEYWORDS: Professional Services Finance Research Other Science Science