Australia's Sonic Healthcare Ltd. said it priced a $550 million notes offering in the U.S. private placement market.
The company said $300 million of notes will have a 10-year tenor, $150 million of notes will have a 12-year tenor and $100 million of notes will have a 15-year tenor.
The weighted average fixed coupon rate for the notes is 3.07%.
The transaction is expected to close in January 2020, following the completion of due diligence and documentation. Proceeds raised from the transaction will be used to repay existing U.S. dollar-denominated debt.
