PerkinElmer to repay term loan, some revolver debt via new notes

By Marisa Wong

Morgantown, W.Va., April 11 – PerkinElmer, Inc. intends to repay credit facility borrowings using proceeds from an offering of senior notes, according to an 8-K filing with the Securities and Exchange Commission.

The company plans to repay all $200 million principal amount outstanding under its term loan facility plus accrued interest and to repay about $166.4 million principal amount outstanding under its revolving credit facility. Those borrowings were used to help fund the company’s acquisition of Euroimmun Medizinische Labordiagnostika AG.

Net proceeds from the sale of the new notes is expected to be roughly €297.4 million. If any proceeds remain after repaying the loans, the company will use the funds for general corporate purposes.

The technology company is based in Waltham, Mass.

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