PerkinElmer to reduce credit facility borrowings via new note offering

By Tali Rackner

Norfolk, Va., July 12 – PerkinElmer, Inc. plans to reduce amounts outstanding under its existing facility with the proceeds from a new senior note offering, according to a 424B5 filing with the Securities and Exchange Commission.

As of April 3, debt outstanding under the facility, which matures on Jan. 8, 2019, was $590 million.

Any remaining net proceeds, if any, will be used for general corporate purposes, which may include the repayment, redemption or refinancing of debt, capital expenditures, funding of possible acquisitions, working capital, satisfaction of other obligations or repurchase of outstanding common stock.

The technology company is based in Waltham, Mass.

© 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.