Australia: Sonic sells US$550m US private placement

Sonic Healthcare has sold a US$550m private placement in the US to lengthen its debt profile significantly. The Australian international pathology, imaging and medical centres operator will use the proceeds to repay existing US dollar debt. The three-tranche deal includes US$300m 10-year paper, US$150m 12-year paper, and US$100m 15-year debt. Although the coupons on each…

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