Illumina ( (ILMN) ) has provided an update.
Illumina, Inc. successfully managed its financial obligations by repaying $761 million to settle its Credit Agreement without incurring any penalties, except for standard breakage costs. To facilitate this repayment, the company issued $500 million in 4.650% notes due in 2026, leveraging the proceeds and its available cash. These notes, which will accrue interest semi-annually, provide Illumina with the flexibility to redeem them before maturity under certain conditions. This strategic financial maneuver underscores Illumina’s adept handling of its debt and proactive approach to capital management.
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