Agilent Technologies Inc. priced its underwritten public offering of $500 million of senior notes.
The notes will mature September 2029 with an annual interest rate of 2.75%.
The offering is expected to close Sept. 16. Net proceeds are expected to be about $492.8 million.
The Santa Clara, Calif.-based manufacturer of lab equipment and software intends to use proceeds combined with cash on hand to fund redemption of its outstanding 5.00% senior notes due 2020.
Barclays Capital Inc., J.P. Morgan Securities LLC and MUFG Securities Americas Inc. are joint book-running managers for the offering.
