Teleflex Incorporated TFX today announced the registered public offering, subject to market and other conditions, of $250 million of senior subordinated unsecured notes due 2021. The notes will be guaranteed by certain of Teleflex's subsidiaries on a senior subordinated unsecured basis. The interest rate and other terms of the notes will be determined at pricing.
Teleflex intends to use the net proceeds of the 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.
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