tiprankstipranks
Advertisement
Advertisement

Quest Diagnostics Issues $500 Million Senior Unsecured Notes

Story Highlights
  • Quest Diagnostics raised $500 million via 5.000% senior unsecured notes due 2036.
  • The new notes carry restrictive covenants and a change-of-control repurchase feature for investors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Quest Diagnostics Issues $500 Million Senior Unsecured Notes

Meet Samuel – Your Personal Investing Prophet

The latest update is out from Quest Diagnostics ( (DGX) ).

On May 6, 2026, Quest Diagnostics issued $500 million of 5.000% senior unsecured notes due June 30, 2036, with interest payable semiannually beginning December 30, 2026. The notes, which rank equally with the company’s other senior unsecured obligations and have no sinking fund, add long-term fixed-rate debt to the company’s capital structure.

The notes were issued under an existing indenture with The Bank of New York Mellon as trustee, supplemented on May 6, 2026, and include covenants restricting certain liens, sale-leaseback transactions, and major corporate restructurings. In the event of a defined change-of-control triggering event, Quest must offer to repurchase the notes at 101% of principal plus accrued interest, providing additional protection for noteholders.

The most recent analyst rating on (DGX) stock is a Hold with a $220.00 price target. To see the full list of analyst forecasts on Quest Diagnostics stock, see the DGX Stock Forecast page.

Spark’s Take on DGX Stock

According to Spark, TipRanks’ AI Analyst, DGX is a Outperform.

Overall score is supported primarily by a strong and guidance-raising earnings outlook with robust volume/organic growth and expected margin expansion. This is balanced by only mid-level underlying financial statement strength (notable leverage and softer recent cash conversion) and mixed near-term technical momentum, while valuation looks reasonable rather than deeply compelling.

To see Spark’s full report on DGX stock, click here.

More about Quest Diagnostics

Quest Diagnostics Incorporated operates in the healthcare diagnostics industry, providing laboratory testing services and related diagnostic information to physicians, hospitals, employers and health plans. The company focuses on clinical testing and data services that support medical decision-making and patient care across the U.S. healthcare system.

Average Trading Volume: 977,865

Technical Sentiment Signal: Buy

Current Market Cap: $21.13B

Find detailed analytics on DGX stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1