December 11, 2009
BSX Prices Public Offering
By Matthew L. Brown
Natick-based Boston Scientific Corp. announced the pricing of its public offering of $2 billion in senior notes.
BSX has arranged to offer $850 million of notes due in January 2015 at 4.5 percent, $850 million in notes due January 2020 at 6 percent and $300 million in notes due January 2040 at 7.375 percent.
The company expects to close the offering Monday, and plans to use the proceeds of the offering for general corporate purposes, including the pre-payment of a portion of a bank loan due in early 2011.
The offering will incur a pre-tax charge of about $30 million in the fourth quarter.
WBJ Web Partners
Most Recent
Most Recent
0 Comments