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Hologic closes private placement of senior notes

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Hologic closes private placement of senior notes

Hologic Inc. completed a private placement to qualified institutional buyers of $350 million of its 4.375% senior notes due Oct. 15, 2025.

Interest on the notes is payable semiannually on April 15 and Oct. 15 of each year, starting April 15, 2018.

The company plans to use the net proceeds, plus available cash, to repurchase all of its outstanding convertible notes.