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Article: Quest Diagnostics Announces Pricing of Senior Notes.
- Article from:
- PR Newswire
- Article date:
- June 20, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LYNDHURST, N.J., June 20 /PRNewswire-FirstCall/ -- Quest Diagnostics Incorporated , the nation's leading provider of diagnostic testing, information, and services, announced today that it priced $800 million in aggregate principal amount of senior notes in a public offering. The notes were sold in two tranches, as follows: $375 million of 6.40% senior notes due 2017 and $425 million of 6.95% senior notes due 2037. The offering is expected to close on June 22, 2007. The net proceeds of the offering are expected to be used, together with cash on hand, to repay all borrowings under the bridge loan facility incurred to pay a portion of the purchase price and transaction ...