Teleflex Incorporated Announces Private Offering of $500 Million of Senior Notes due 2028
May 21 2020 - 8:49AM
Teleflex Incorporated (NYSE: TFX) (“Teleflex”) announced today the
commencement of a private offering of $500.0 million aggregate
principal amount of senior notes due 2028 (the “Notes”), subject to
market and other conditions. The interest rate and other terms of
the Notes will be determined at pricing.
The Notes will be guaranteed by each of Teleflex’s existing and
future wholly-owned domestic subsidiaries that is a guarantor or
other obligor under its credit agreement.
Teleflex intends to use the net proceeds from the offering to
repay borrowings under its revolving credit facility.
The offering of the Notes will be made in a private transaction
in reliance upon an exemption from the registration requirements of
the Securities Act of 1933, as amended (the “Securities Act”), in
the United States only to investors who are reasonably believed to
be “qualified institutional buyers,” as that term is defined in
Rule 144A under the Securities Act, or to certain non-U.S. persons
in transactions outside the United States pursuant to Regulation S
under the Securities Act. The Notes and the related guarantees have
not been and will not be registered under the Securities Act or the
securities laws of any other jurisdiction and may not be offered or
sold in the United States without registration or an applicable
exemption from registration requirements.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes, nor shall there be any
sale of the Notes, in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
ABOUT TELEFLEX INCORPORATED
Teleflex is a global provider of medical technologies designed
to improve the health and quality of people’s lives. Teleflex is
the home of Arrow®, Deknatel®, Hudson RCI®, LMA®, Pilling®, Rusch®,
UroLift®, and Weck® - trusted brands united by a common sense of
purpose.
CAUTION CONCERNING FORWARD-LOOKING
INFORMATION
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking
statements. Any forward-looking statements contained herein are
based on our management’s current beliefs and expectations, but are
subject to a number of risks, uncertainties and changes in
circumstances, which may cause actual results or company actions to
differ materially from what is expressed or implied by these
statements. These risks and uncertainties are identified and
described in more detail in our filings with the Securities and
Exchange Commission (“SEC”), including our Annual Report on Form
10-K filed with the SEC on February 21, 2020 and our Quarterly
Report on Form 10-Q filed with the SEC on April 30, 2020, which can
be obtained on the SEC’s website at http://www.sec.gov. We
undertake no obligation to publicly update or revise any
forward-looking statements, except as otherwise specifically stated
by us or as required by law or regulation.
Contact: |
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Jake Elguicze |
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Treasurer and Vice President,
Investor Relations |
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610-948-2836 |
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