Eurofins Scientific plans benchmark-sized offering on bonds

By Rebecca Melvin

New York, May 5 – Eurofins Scientific plans to price a minimum of €500 million of new bonds, according to a company release.

The proceeds of the new notes will be used to repurchase some of its €500 million of bonds due Jan. 27, 2022 and €500 million of bonds due Jan. 30, 2023.

In case the size of the new bonds exceeds the amount of bonds validly brought to the tender offers, Eurofins plans to apply proceeds to refinance shorter-dated debt instruments including bank lines and commercial paper.

The international group of laboratories is based in Luxembourg.

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