Hologic talks drive-by $350 million of eight-year notes at 4˝% area

By Paul A. Harris

Portland, Ore., Oct. 4 – Hologic, Inc. plans to price a $350 million offering of eight-year senior notes in a Wednesday drive-by, trailing a late-morning conference call with investors, according to a syndicate source.

Price talk is set in the 4˝% area.

The books close at 1:30 p.m. ET and the deal is set to price after that.

Goldman Sachs & Co. is the left bookrunner for the Rule 144A and Regulation S for life offer. BofA Merrill Lynch, JP Morgan Securities LLC, MUFG and Citigroup Global Markets Inc. are the joint bookrunners.

HSBC, DNB Markets, SMBC Nikko, Wells Fargo Securities LLC and Morgan Stanley & Co. are the senior co-managers. Fifth Third Bank, TD Securities, KeyBanc Capital Markets, Scotia Capital, Mizuho Securities, PNC Capital Markets, Citizens Bank and Janney Montgomery Scott are the co-managers.

The notes become callable after three years at par plus 50% of the coupon.

The Marlborough, Mass.-based medical technology company focused on women’s health plans to use the proceeds to refinance its convertible notes and for general corporate purposes.

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