By Lisa Kerner
Charlotte, N.C., Dec. 3 - Sonic Healthcare Ltd. announced it priced $250 million of 10-year 5.1% notes in the U.S. private placement market at Treasuries plus 215 basis points.
Proceeds will be used to repay existing bank debt and provide funding for future growth.
Closing of the transaction is expected in January.
"The transaction has been well oversubscribed, with strong support from both existing and new investors to Sonic," finance director and chief financial officer Chris Wilks said in a company news release.
Sonic Healthcare is a medical diagnostics company based in Macquarie Park, Australia.
| Issuer: | Sonic Healthcare Ltd.
|
| Issue: | Notes
|
| Amount: | $250 million
|
| Maturity: | 10 years
|
| Coupon: | 5.1%
|
| Price: | Par
|
| Closing: | January
|
| Distribution: | Private placement
|
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