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Charles River Laboratories plans $500M senior notes offering

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Charles River Laboratories plans $500M senior notes offering

Charles River Laboratories International Inc. is planning an offering of $500 million of its senior notes maturing in 2028.

The Wilmington, Mass.-based research company plans to use the net proceeds from the offering as well as cash on hand to prepay a portion of its term loan facility and to pay related fees and expenses.

Charles River Laboratories International is an early-stage contract research company that provides drug discovery, nonclinical development and safety-testing services worldwide.