LabCorp prices $1.2B debt offering

LabCorp prices $1.2B debt offering

Laboratory Corporation of America Holdings has priced a $1.2 billion debt offering that will occur in two $600 million tranches. Burlington-based LabCorp, one of the largest independent clinical laboratories in the United States, says it will use the funds for general corporate purposes, including the repayment of outstanding senior notes. LabCorp’s $1.2 billion acquisition of British contract research organization Chiltern International is slated to close in the fourth quarter.

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