San Diego Business Journal

CareFusion Prices $1 Billion of Senior Unsecured Notes

By Meghana Keshavan Thursday, May 15, 2014

San Diego medical device maker CareFusion Corp. has priced three series of senior unsecured notes for an aggregate principal amount of $1 billion.

CareFusion (NYSE: CFN) said it intends to use a portion of the net proceeds to repay at maturity the $450 million it holds in senior notes that are due this year. The remaining net proceeds will be used for general corporate purposes.

Of these notes, $300 million will mature in 2017, the company said in a release, at an annual rate of 1.45 percent; $400 million will mature in 2024 at an annual interest rate of 3.875 percent and another $300 million will mature in 2044 at an annual rate of 4.875 percent.