LabCorp says 0% notes due 2021 remain convertible until year-end

By Susanna Moon

Chicago, Oct. 1 – Laboratory Corp. of America Holdings said holders may continue to convert its zero-coupon convertible subordinated notes due 2021 until 5 p.m. ET on Dec. 31.

On conversion, the company will pay cash for the accreted principal amount and stock for any remaining amount.

LabCorp’s notes were also convertible in the quarter ended Sept. 30.

The Bank of New York Mellon is the trustee and conversion agent.

Burlington, N.C.-based LabCorp develops diagnostic technologies.

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