Alere driving by with $425 million seven-year senior notes Monday

By Paul A. Harris and Aleesia Forni

Virginia Beach, Va., May 13 - Alere Inc. is planning to hit Monday's market with $425 million seven-year senior subordinated notes, according to a market source.

Goldman Sachs & Co., Jefferies & Co. and Credit Suisse Securities (USA) LLC are the joint bookrunners.

The Rule 144A and Regulation S notes will be non-callable for three years.

Proceeds will be used to fund the tender for the company's $400 million 9% senior subordinated notes due 2016 and to redeem any 9% notes not tendered.

Alere is a Waltham, Mass.-based provider of near-patient diagnosis, monitoring and health management.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.