Boston Scientific Sells $2 Billion Of Senior Notes
December 15, 2009 (FinancialWire) — Boston Scientific Corp. (NYSE: BSX) has closed a public offering of $2 billion aggregate principal amount of its senior notes.
The offering consists of $850 million of 4.50 percent notes due January 2015, $850 million of 6.00 percent notes due January 2020 and $300 million of 7.375 percent notes due January 2040.
Boston Scientific plans to use the net proceeds for general corporate purposes, including prepaying its bank term loan due April 2011.
Massachusetts-based Boston Scientific is a developer, manufacturer and marketer of medical devices whose products are used in a range of interventional medical specialties.
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