Bio-Rad Announces Public Offering of $425 Million Senior Notes
News Dec 07, 2010
Bio-Rad Laboratories, Inc. has announced that it intends to commence an offering, subject to market and other conditions, of $425 million aggregate principal amount of senior notes due 2020 (the "Senior Notes") in a public offering pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission.
The interest rate and other terms of the Senior Notes are to be determined by negotiations between the Company and the underwriters of the Senior Notes. The Company intends to use the proceeds from this offering, together with cash on hand, to redeem all $225 million of its outstanding 7.50% senior subordinated notes due 2013 and all $200 million of its outstanding 6.125% senior subordinated notes due 2014.
Credit Suisse Securities (USA) LLC and Goldman, Sachs & Co. are acting as joint book-running managers for the offering of the Senior Notes.
Researchers have used a method to develop a new blood marker capable of detecting whether or not a person has Alzheimer’s disease. If the method is approved for clinical use, the researchers hope eventually to see it used as a diagnostic tool in primary healthcare. This autumn, they will start a trial in primary healthcare to test the technique.