Summary by Moomoo AI
Illumina has issued $500 million in notes due 2026 with a 4.65% interest rate, payable semi-annually. The company entered into an Underwriting Agreement with J.P. Morgan Securities and Goldman Sachs & Co. on September 4, 2024, for this debt offering.On September 9, 2024, Illumina utilized the net proceeds from the notes offering, combined with cash on hand, to fully repay and terminate its 364-day delayed draw credit agreement. The total payment under the credit agreement amounted to $761 million, with no prepayment penalties incurred except for customary breakage costs.
