Boston Scientific Completes €900 million Offering of Senior Notes and $1.0 billion Tender Offer

On November 12, 2019 Boston Scientific Corporation (NYSE: BSX) (the "Company") reported a public offering of €900.0 million aggregate principal amount of 0.625% Senior Notes due 2027 (the "Notes") (Press release, Boston Scientific, NOV 12, 2019, View Source [SID1234551012]). The Company has applied to list the Notes on the New York Stock Exchange.

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In addition, the Company completed its previously announced cash tender offer (the "Tender Offer") for up to $1.0 billion aggregate principal amount of certain outstanding senior notes, pursuant to which it accepted $206,429,000, $566,455,000, and $227,117,000 of tendered principal amounts of its 4.125% Senior Notes due 2023, 4.000% Senior Notes due 2028 and 3.850% Senior Notes due 2025, respectively on the early settlement date.

The Company used the net proceeds from the offering to (i) fund the Tender Offer and (ii) pay accrued and unpaid interest, premiums, fees and expenses in connection with the Tender Offer.