ResMed completes $500M debt offering
By HME News Staff
Updated Tue July 16, 2019
SAN DIEGO - ResMed has completed a $500 million private placement debt offering, with proceeds used to pay down current borrowings on the company's senior unsecured revolving credit facility. “We are pleased to complete this U.S. private placement offering on attractive terms,” said Brett Sandercock, CFO. “The transaction significantly lengthens our average debt maturity profile and provides improved visibility on our long-term funding costs.” The company has closed a private placement offering of $250 million principal amount 3.24% senior notes due July 10, 2026, and $250 million principal amount 3.45% senior notes due July 10, 2029. Net proceeds will be about $498 million, after ducting estimated fees and expenses related to the offering.
Comments