Hogan Lovells advises LabCorp in US$1 billion senior notes offering
Press releases
| 01
June
2021
New York, 1 June 2021 - Global law firm Hogan Lovells represented leading global life sciences company LabCorp in a US$1 billion SEC-registered senior notes offering that closed on May 26. The offering consisted of US$500 million aggregate principal amount of 1.550% Senior Notes due 2026 and $500 million aggregate principal amount of 2.700% Senior Notes due 2031.
LabCorp expects to use the net proceeds of the offering to redeem, prior to maturity, its outstanding 3.20% Senior Notes due Feb. 1, 2022 and 3.75% Senior Notes due Aug. 23, 2022.
The Hogan Lovells team was led by Corporate and Finance partners Michael Silver, William Intner, Stuart Morrissy and Evan Koster. They were assisted by senior associates Laura Heller and Phil Schuster, and associates Julian Wang and Herman Brown.