Illumina announced the completion of a public offering of $300 million in senior notes. The company intends to use the net proceeds, combined with cash on hand, to repay its outstanding 4.650% senior notes that are due in September 2026.
Key Details
- Offering Size: $300,000,000 aggregate principal amount of 4.950% senior notes.
- Terms: The new notes mature on September 19, 2029, and will accrue interest at a rate of 4.950% per annum, payable semi-annually.
- Use of Proceeds: The company plans to use the funds to repay its $500 million outstanding 4.650% notes due September 9, 2026.