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Thermo Fisher Raises $1.5B Debt To Fund Patheon Acquisition

Law360, New York (August 11, 2017, 2:37 PM EDT) -- Thermo Fisher Scientific Inc. said Friday it priced a two-part, $1.5 billion debt offering to help fund its acquisition of Dutch pharmaceutical contract development and manufacturing company Patheon NV, three days after it raised $1.5 billion in stock to support the purchase.

The scientific and medical equipment company, advised by WilmerHale, told regulators it priced two tranches of investment-grade bonds totaling $750 million each, one maturing in 10 years and the other in 30 years. The bonds pay annual interest rates of 3.2 and 4.1 percent...
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