Idexx Laboratories places €88.9 million senior notes due 2025 with Prudential

By Lisa Kerner

Charlotte, N.C., June 24 – Idexx Laboratories, Inc. issued and sold €88.9 million of 1.785% series C senior notes due June 18, 2025 to Prudential Investment Management, Inc.

The notes were sold under an amended and restated multi-currency note purchase and private shelf agreement entered into on June 18.

Proceeds will be used for general corporate purposes, including repaying amounts outstanding under the company’s revolving credit facility, according to a form 8-K filed with the Securities and Exchange Commission.

Idexx may prepay the notes in an amount not less than $1 million at 100% of the principal amount plus any applicable make-whole amount.

Westbrook, Maine-based Idexx is a provider of diagnostics and technologies for better veterinary care and safer food and water.

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