By Devika Patel
Knoxville, Tenn., April 24 – Mettler-Toledo International Inc. launched a $75 million private placement of 10-year 3.91% senior notes on April 18, according to an 8-K filed with the Securities and Exchange Commission.
BofA Merrill Lynch was the agent.
Proceeds will be used to repay or refinance debt and for general corporate purposes.
Mettler-Toledo is a Columbus, Ohio-based supplier of precision instruments and services.
| Issuer: | Mettler-Toledo International Inc.
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| Issue: | Senior notes
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| Amount: | $75 million
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| Maturity: | June 25, 2029
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| Coupon: | 3.91%
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| Call: | Make-whole call and par call
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| Agents: | BofA Merrill Lynch
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| Pricing date: | April 18
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| Settlement date: | June 25
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| Distribution: | Private placement
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