St. Jude Medical plans to sell three-, five-, 10-year notes on Monday

By Aleesia Forni

Virginia Beach, Sept. 14 – St. Jude Medical, Inc. is set to price benchmark senior notes in three parts during Monday’s session, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The offering (Baa1/A/A-) will include maturities of 2018, 2020 and 2025.

There is a change-of-control put at 101%.

BofA Merrill Lynch, MUFG and Wells Fargo Securities LLC are bookrunners.

Proceeds will be used to fund the acquisition of Thoratec Corp.

The maker of cardiovascular medical devices is based in St. Paul, Minn.

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