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news.Medical device company Hologic has announced its intention to offer to sell, subject to market and other conditions, $1.3 billion aggregate principal amount of convertible senior notes due 2037.
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Hologic expects to grant to the underwriters an option to purchase up to an additional $195 million aggregate principal amount of notes to cover over-allotments. Goldman, Sachs & Co. is acting as sole book-running manager of the offering.
The company intends to use the net proceeds from the offering to repay a portion of its outstanding senior secured indebtedness.