Illumina said it priced an underwritten public offering of $500,000,000 aggregate principal amount of its 4.650% notes due 2026 on September 4, 2024 under an effective shelf registration statement previously filed with the SEC.

1. 01

   Illumina said it priced an underwritten public offering of $500,000,000 aggregate principal amount of its 4.650% notes due 2026 on September 4, 2024 under an effective shelf registration statement previously filed with the SEC.

2. 02

   The company said it expects the offering to close on September 9, 2024, subject to customary closing conditions.

3. 03

   Illumina said it expects to use the net proceeds to repay a portion of the $750 million in outstanding borrowings under the 364-day delayed draw credit agreement and to pay related fees and expenses.

4. 04

   The company said the 364-day delayed draw credit agreement to be repaid was entered into in connection with the spin-off of GRAIL, Inc. from Illumina.

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