The company said that on September 23, 2024, Laboratory Corporation of America Holdings, issued 3 series of senior notes totaling $2,000,000,000, which Labcorp guaranteed.

1. 01

   The company said that on September 23, 2024, Laboratory Corporation of America Holdings, issued 3 series of senior notes totaling $2,000,000,000, which Labcorp guaranteed.

2. 02

   The company said it issued 4.350% senior notes due 2030 totaling $650,000,000, 4.550% senior notes due 2032 totaling $500,000,000, and 4.800% senior notes due 2034 totaling $850,000,000. Interest is payable semi-annually on April 1 and October 1, starting on April 1, 2025.

3. 03

   The company expects net proceeds of about $1,982.1 million after deducting underwriting discounts and other estimated offering expenses. It said it plans to use the proceeds to repay debt and use any remainder for general corporate purposes.

4. 04

   The company cited 2.300% senior notes due 2024, 3.600% senior notes due 2025, and $350 million of revolving credit facility borrowings as debt to be repaid. The issuer may redeem the notes before the Par Call Date at the greater of 100% of the principal amount and a make-whole premium, plus accrued and unpaid interest. On or after the Par Call Date, the redemption price is 100% of the principal amount, plus accrued and unpaid interest.

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Original filing

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