Teleflex Incorporated Prices $250 Million Worth Of Notes

Teleflex Incorporated TFX (“Teleflex”) today announced that it priced its previously announced public offering of $250 million in aggregate principal amount of 6.875% senior subordinated notes (the “notes”) at an issue price of 100% of their principal amount. The sale of the notes is expected to close on June 13, 2011, subject to customary closing conditions. The notes will be Teleflex's unsecured senior subordinated obligations. The notes will be guaranteed by certain of Teleflex's subsidiaries on a senior subordinated unsecured basis. The notes will pay interest semi-annually on June 1 and December 1 at a rate of 6.875% per year, and will mature on June 1, 2019. Teleflex Incorporated Prices Offering of $250 Million of Senior Subordinated Notes Due 2019 The net proceeds of the offering are expected to be $245.8 million. Teleflex intends to use the net proceeds from this offering to prepay $125 million of borrowings under its credit facilities and the remainder for general corporate purposes, which may include, among other things, capital expenditures, acquisitions and additional repayment of debt.