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Thermo Fisher prices note offerings

posted: 88 DAYS 14 HOURS AGO

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WALTHAM, Mass. -Scientific instrument maker Thermo Fisher Scientific Inc. announced Friday the pricing for two senior note offerings.

The offering for $350 million of 2.15 percent senior notes due 2012 was priced at 99.855 percent of the principal amount. The offering for $400 million of 3.25 percent senior notes due 2014 was priced at 99.904 percent of the principal amount.

The issuance of the notes, which will pay interest semiannually, is expected to close Nov. 20. The notes are being sold in a private placement to institutional buyers.

Proceeds will be used to refinance outstanding debt.

Shares of Thermo Fisher slipped 18 cents in after-hours trading, after climbing 13 cents to $44.60 during the regular session.

2009-11-13 18:00:42

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