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Idexx Laboratories completes private placement of $75 million 12-year notes with New York Life
By Lisa Kerner
Charlotte, N.C., Sept. 11 – Idexx Laboratories, Inc. issued and sold $75 million of 3.72% 12-year senior notes with New York Life Insurance Co. on Sept. 4, according to an 8-K filing with the Securities and Exchange Commission.
The company announced the private placement on July 22.
As previously reported, proceeds will be used for general corporate purposes, including repaying amounts outstanding under the company’s revolving credit facility.
The notes have a make-whole call at Treasuries plus 50 basis points.
Westbrook, Maine-based Idexx is a provider of diagnostics and technologies for better veterinary care and safer food and water.
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