Beckman Coulter
This article was originally published in The Gray Sheet
Executive Summary
Beckman Coulter: Proceeds of a planned $400 mil. private placement of senior notes will be used to prepay a portion of its existing bank borrowings - incurred to fund the combination of Beckman Instruments and Coulter Corporation in October 1997 - and finance a tender offer to repurchase its $100 mil. in 7.05% debentures due June 1, 2026. The offering, which is anticipated to close on March 4, consists of $160 mil. in senior notes due March 4, 2003, with an annual interest rate of 7.1% and $240 mil. in senior notes due March 4, 2008, with an annual interest rate of 7.45%...