Thermo Fisher Scientific prices offering of USD-denominated senior notes

Thermo Fisher Scientific Inc. announced that it has priced an offering of $2.95 billion aggregate principal amount of the following notes, each issued at par:

• $600 million aggregate principal amount of its 4.953% senior notes due 2026 (the “2026 notes”);
• $750 million aggregate principal amount of its 4.977% senior notes due 2030 (the “2030 notes”);
• $1 billion aggregate principal amount of its 5.086% senior notes due 2033 (the “2033 notes”); and
• $600 million aggregate principal amount of its 5.404% senior notes due 2043 (the “2043 notes” and, together with the 2026 notes, the 2030 notes and the 2033 notes, the “notes”).

The Offering is expected to close on or about August 10, 2023, subject to customary closing conditions. The notes will pay interest on a semi-annual basis.

Thermo Fisher intends to use the net proceeds from the sale of the notes to redeem all of the outstanding $500 million aggregate principal amount of its Floating Rate Senior Notes due 2023 that mature on October 18, 2023 and all of the outstanding $500 million aggregate principal amount of its Floating Rate Senior Notes due 2024 that mature on October 18, 2024 and to pay accrued interest, fees and expenses associated with the redemption. Thermo Fisher intends to use any remaining net proceeds from the sale of the notes for general corporate purposes, which may include the acquisition of companies or businesses, repayment and refinancing of debt, working capital and capital expenditures or the repurchase of its outstanding equity securities or it may temporarily invest the net proceeds in short-term, liquid investments until they are used for their ultimate purpose.

The joint book-running managers for the Offering are BNP Paribas Securities Corp., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and Mizuho Securities USA LLC.

The Offering is being made pursuant to an effective registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the “SEC”). Prospective investors should read the prospectus forming a part of that registration statement and the prospectus supplement related to the Offering and the other documents that Thermo Fisher has filed with the SEC for more complete information about Thermo Fisher and the Offering. These documents are available at no charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Thermo Fisher, the underwriters or any dealer participating in the Offering will arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. toll-free at 1-800-854-5674, Citigroup Global Markets Inc. toll-free at 1-800-831-9146, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526 or Mizuho Securities USA LLC toll-free at 1-866-271-7403.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the notes, nor shall there be any offer, solicitation or sale of the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
MB Bureau