Thermo Fisher to redeem $350 million 3.65% notes due 2025

By William Gullotti

Buffalo, N.Y., Jan. 21 – Thermo Fisher Scientific Inc. announced it sent redemption notices to holders of its $350 million 3.65% senior notes due 2025, according to a form 8-K filed with the Securities and Exchange Commission.

The redemption date is Feb. 7.

The redemption price will be the greater of par and the sum of the present values of the remaining scheduled payments discounted to the redemption date on a semiannual basis at Treasuries plus 25 bps. Interest will also be paid to the redemption date.

The company plans to fund the redemption with cash on hand.

Thermo Fisher is a Waltham, Mass.-based science technology company.

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