Summary by Moomoo AI
Illumina, Inc. has successfully issued $500 million in senior notes with a 4.650% interest rate, maturing on September 9, 2026. The notes, rated Baa3 by Moody's, BBB by S&P, and BBB by Fitch, all with a stable outlook, were traded on September 4, 2024, and are set to settle on September 9, 2024. Interest on these notes will be paid semi-annually starting March 9, 2025. The offering was managed by a syndicate led by J.P. Morgan Securities, Goldman Sachs & Co., BNP Paribas Securities Corp., and BofA Securities, with several co-managers also involved. The notes were priced to the public at 99.930% of their principal amount, with a yield to maturity slightly higher than the benchmark Treasury note. Illumina has provided a make-whole call and a change of control put at 101% of the principal plus accrued interest. The issuance is part of a registered offering, and the relevant documents have been filed with the SEC and are available on the EDGAR website or through the joint book-running managers.
