December 9, 2005
(Date of earliest event reported)
LABORATORY CORPORATION
OF
AMERICA HOLDINGS
DELAWARE | 1-11353 | 13-3757370 | ||
(State or other jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
358 SOUTH MAIN STREET, BURLINGTON, NORTH CAROLINA |
27215 | 336-229-1127 | ||
(Address of principal executive offices) | (Zip Code) |
(Registrant's telephone number including area code) |
ITEM 7.01. Regulation FD Disclosure
On December 9, 2005 Laboratory Corporation of America® Holdings (LabCorp®) announced that it has priced its $250 million aggregate principal amount of Senior Notes due 2015, pursuant to LabCorps new shelf registration statement. The Notes will bear interest at the rate of 5.625% per annum from December 14, 2005, payable semi-annually on June 15 and December 15, commencing on June 15, 2006. The closing of the offering is expected to occur on December 14, 2005, subject to the satisfaction of customary closing conditions.
Exhibits
99.1 Press Release dated December 9, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Laboratory Corporation of America Holdings (Registrant) |
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Date: December 12, 2005 | By: | /s/Bradford T. Smith | ||
Bradford T. Smith, Executive Vice President and Secretary |
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Burlington, NC, December 9, 2005 Laboratory Corporation of America® Holdings (LabCorp®) (NYSE: LH) today announced that it has priced its $250 million aggregate principal amount of Senior Notes due 2015, pursuant to LabCorps new shelf registration statement. The Notes will bear interest at the rate of 5.625% per annum from December 14, 2005, payable semi-annually on June 15 and December 15, commencing on June 15, 2006. The closing of the offering is expected to occur on December 14, 2005, subject to the satisfaction of customary closing conditions.
LabCorp intends to use the net proceeds of the senior notes, together with cash on hand, to repay borrowings under its senior credit facility which will be used to repurchase shares of LabCorps common stock.
A copy of the prospectus and prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from Banc of America Securities LLC, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, New York 10001 or by calling 1-800-294-1322 or e-mailing dg-prospectus-distribution@bofasecurities.com.
About LabCorp
Laboratory Corporation of America
Holdings and its subsidiaries, headquartered in Burlington, North Carolina, is the second
largest independent clinical laboratory company in the United States based on 2004 net
revenues. Through its national network of laboratories, the Company offers a broad range
of clinical laboratory tests which are used by the medical profession in routine testing,
patient diagnosis, and in the monitoring and treatment of disease. In addition, the
Company has developed specialty and niche businesses based on certain types of specialized
testing capabilities and client requirements, such as oncology testing, HIV genotyping and
phenotyping, diagnostic genetics and clinical research trials.