By Aleesia Forni
Virginia Beach, Nov. 6 – Thermo Fisher Scientific Inc. priced $800 million of 3.3% senior notes (Baa3/BBB/BBB) due 2022 on Thursday at Treasuries plus 122 basis points, according to a market source and a FWP filed with the Securities and Exchange Commission.
The notes sold at the tight end of price talk.
Pricing was at 99.991 to yield 3.302%.
BofA Merrill Lynch, MUFG, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are the bookrunners.
Proceeds will be used to repay outstanding debt, including $400 million of the company’s 3.25% notes due Nov. 20, 2014.
Thermo Fisher is a Waltham, Mass.-based science technology company.
| Issuer: | Thermo Fisher Scientific Inc.
|
| Amount: | $800 million
|
| Description: | Senior notes
|
| Maturity: | Feb. 15, 2022
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| Bookrunners: | BofA Merrill Lynch, MUFG, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC
|
| Coupon: | 3.3%
|
| Price: | 99.991
|
| Yield: | 3.302%
|
| Spread: | Treasuries plus 122 bps
|
| Trade date: | Nov. 6
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| Settlement date: | Nov. 14
|
| Ratings: | Moody’s: Baa3
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| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Price talk: | Treasuries plus 125 bps area, tightened from Treasuries plus 140 bps area
|
| Make-whole call: | Treasuries plus 20 bps
|
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