Reported Earlier, Labcorp Prices $2B Senior Notes Offering Across Three Tranches With Maturities In 2030, 2032, And 2034
Portfolio Pulse from Benzinga Newsdesk
Labcorp Holdings Inc. has announced a $2 billion senior notes offering through its subsidiary, Laboratory Corporation of America Holdings. The offering is divided into three tranches with maturities in 2030, 2032, and 2034.
September 18, 2024 | 6:33 am
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Labcorp Holdings Inc. has priced a $2 billion senior notes offering through its subsidiary, with maturities in 2030, 2032, and 2034. This move could impact the company's financial structure and interest expenses.
The issuance of $2 billion in senior notes will provide Labcorp with additional capital, potentially affecting its debt profile and interest expenses. However, the long-term nature of the notes suggests a stable financial strategy, leading to a neutral short-term impact on the stock price.
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