Thermo Fisher Scientific Prices $2.5B Offering Of USD-Denominated Senior Notes
Portfolio Pulse from Benzinga Newsdesk
Thermo Fisher Scientific Inc. has priced a $2.5 billion offering of senior notes, with varying maturities and interest rates. The offering includes $1.0 billion at 5.000% due 2026, $1.0 billion at 5.000% due 2029, and $500 million at 5.200% due 2034. The offering is expected to close on December 5, 2023, with interest paid semi-annually.

November 29, 2023 | 7:02 am
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NEUTRAL IMPACT
Thermo Fisher Scientific Inc. has announced a $2.5 billion senior notes offering, which could impact its debt levels and interest expenses.
The announcement of a new debt offering by Thermo Fisher is a neutral event in the short term as it pertains to refinancing or raising capital for operations or investments. The impact on the stock price will depend on how the market interprets the company's leverage and use of proceeds. Since the terms are close to par value and the rates are fixed, there is no immediate concern for increased costs or financial instability.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100