VWR to pay down revolving loan facility using common stock proceeds

By Tali Rackner

Norfolk, Va., June 24 – VWR Corp. plans to repay borrowings under its multi-currency revolving loan facility maturing on April 3, 2016 with the proceeds from a common stock offering, according to a filing with the Securities and Exchange Commission.

As of March 31, there were $27.2 million of outstanding borrowings under the facility.

Proceeds will also be used to redeem the company’s subordinated notes June 30, 2017 at par. As of March 31, $533.5 million of the notes were outstanding.

VWR is a Radnor, Pa.-based provider of laboratory supplies, equipment and services.

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