CareFusion Corp. has announced a private offering of $300 million in senior notes, the net proceeds of which will be used for general corporate purposes.
Fitch Ratings assigned a BBB rating to the offering, viewing it as a refinancing of the $250 million in notes that matured in August 2012.
CareFusion recently reported earnings of $192 million in its second fiscal quarter. This is up from the like reporting period a year ago, where it posted earnings of $165 million.
The San Diego-based company manufactures medical devices such as infusion pumps, surgical tools and antiseptics.
— Meghana Keshavan