Hologic To Exchange Notes
Hologic (NASDAQ:HOLX) has decided to retire $500 million of its 2% convertible senior notes (due 2037) in exchange of $500 million of 2% convertible senior notes due 2042. Subsequent to this arrangement, $775 million in aggregate principal amount of the original notes will remain outstanding. The new notes have been issued at a conversion rate [...]
Hologic (NASDAQ:HOLX) has decided to retire $500 million of its 2% convertible senior notes (due 2037) in exchange of $500 million of 2% convertible senior notes due 2042. Subsequent to this arrangement, $775 million in aggregate principal amount of the original notes will remain outstanding.
The new notes have been issued at a conversion rate of 32.07698 shares per $1,000 of principal amount (conversion price of approximately $31.175 per share), which represents a 45% premium over the closing price … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards