Financings in Brief: Beckman Instruments
This article was originally published in The Gray Sheet
Executive Summary
Beckman Instruments: Issues $100 mil. in debentures due June 1, 2026 at an interest rate of 7.05%. Proceeds will be used to fund "general corporate purposes and to repay the company's existing commercial paper borrowings," Beckman says. Beckman filed a registration statement with the Securities and Exchange Commission in April for issuance of up to $200 mil. in debt securities. The company says it "currently has no plans to issue the remaining $100 mil." covered by the SEC filing...
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