CareFusion planning $1 billion three-part notes offer; pricing Thursday

By Aleesia Forni

Virginia Beach, May 15 - CareFusion Corp. is in Thursday's market with a $1 billion three-part sale of senior notes, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The notes will be sold in tranches due 2017, 2024 and 2044.

Barclays, BofA Merrill Lynch and J.P. Morgan Securities LLC are the joint bookrunners.

The company intends to use proceeds to repay $450 million of its 5.125% senior notes due 2014. Remaining proceeds will be used for general corporate purposes.

The medical products spin-off of Cardinal Health is based in San Diego.

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