BURLINGTON, N.C.--(BUSINESS WIRE)--Laboratory Corporation of America® Holdings (LabCorp®) (NYSE:LH) announced today that it has priced its offering of $700 million in senior notes. The offering consists of two tranches: $400 million aggregate principal amount of 2.50% Senior Notes due 2018 (the “2018 Notes”) and $300 million aggregate principal amount of 4.00% Senior Notes due 2023 (the “2023 Notes,” and together with the 2018 Notes, the “Notes”). The Notes will bear interest from November 1, 2013, payable semi-annually on November 1 and May 1, commencing on May 1, 2014. The closing of the offering is expected to occur on November 1, 2013, subject to the satisfaction of customary closing conditions. The Notes will be senior unsecured obligations and will rank equally with LabCorp’s existing and future senior unsecured debt.
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