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Laboratory Corp of America Holdings Plans Debt Offering

05/12/2021 03:27

07:16 AM EDT, 05/12/2021 (MT Newswires) -- Laboratory Corp of America Holdings (LH) said Wednesday that it plans to commence an offering of senior notes that will be issued in two tranches.

The company expects to use the net proceeds to redeem, before maturity, its outstanding 3.20% senior notes due Feb. 1, 2022, and 3.75% senior notes due Aug. 23, 2022.

The notes will be senior unsecured obligations and will rank equally with the company's existing and future senior unsecured debt.

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