SANTA CLARA (dpa-AFX) - Agilent Technologies Inc. (A) said Tuesday that it has priced a series of its senior notes in an aggregate principal amount of $600 million, in an underwritten, registered public offering.
The notes will mature in July 2023 and will bear interest at an annual rate of 3.875%.
The offering is expected to close on June 21.
Agilent plans to use the proceeds from the offering to repay its outstanding senior notes due July 15, 2013 and for general corporate purposes, including payment of costs associated with its previously announced targeted restructuring program and to repurchase outstanding shares of its common stock pursuant to its existing stock repurchase program.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. are acting as joint book-running managers.
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