Teleflex Incorporated Announces Pricing of $250 Million Senior Notes Offering
May 16 2014 - 5:00PM
Business Wire
Teleflex Incorporated (NYSE: TFX) (“Teleflex”) announced today
that it priced its offering of $250.0 million aggregate principal
amount of 5.25% senior notes due 2024 (the “Notes”) at an issue
price of 100% in a private placement. The sale of the Notes is
expected to close on May 21, 2014, subject to customary closing
conditions.
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 revolving credit facility and by certain of
Teleflex’s other wholly-owned domestic subsidiaries.
Teleflex intends to use the net proceeds from the offering to
repay approximately $245.0 million of borrowings under its
revolving credit facility.
The Notes have not been registered under the Securities Act of
1933, as amended (the “Securities Act”). The Notes may not be
offered or sold within the United States or to U.S. persons, except
to “qualified institutional buyers” in reliance on the exemption
from registration provided by Rule 144A and to non-U.S. persons in
transactions outside the United States in reliance on Regulation S.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy Notes in any jurisdiction in which
such an offer or sale would be unlawful.
ABOUT TELEFLEX INCORPORATED
Teleflex is a leading global provider of specialty medical
devices for a range of procedures in critical care and surgery. Our
mission is to provide solutions that enable healthcare providers to
improve outcomes and enhance patient and provider safety.
Headquartered in Wayne, PA, Teleflex employs approximately 11,400
people worldwide and serves healthcare providers in more than 150
countries.
CAUTION CONCERNING FORWARD-LOOKING INFORMATION
All statements in this press release that are not historical
facts should be considered as “forward-looking statements.” Such
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Although we believe that our plans,
intentions and expectations reflected in, or suggested by, such
forward looking statements are reasonable, we can give no assurance
that such plans, intentions, or expectations will be achieved. Such
risks, uncertainties and other factors include, but are not limited
to, (1) changes in business relationships with and purchases by or
from major customers or suppliers, including delays or
cancellations in shipments, (2) demand for and market acceptance of
new and existing products, (3) our ability to integrate acquired
businesses into our operations, realize planned synergies and
operate such businesses profitably in accordance with expectations,
(4) our ability to effectively execute our restructuring programs,
(5) projected savings falling short of targets, (6) the impact of
recently passed healthcare reform legislation and changes in
Medicare, Medicaid and third-party coverage and reimbursements, (7)
competitive market conditions and resulting effects on revenues and
pricing, (8) increases in raw material costs that cannot be
recovered in product pricing, (9) global economic factors,
including currency exchange rates, interest rates and sovereign
debt issues, (10) difficulties entering new markets and (11)
general economic conditions. Information about some of the known
risks and uncertainties is included in the “Risk Factors” section
of the Company’s annual report on Form 10-K filed with the United
States Securities and Exchange Commission (the “SEC”) on February 24, 2014 and quarterly report on
Form 10-Q filed with the SEC on April 30, 2014 as well as other
filings with the SEC 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, whether as a result of
new information, future events, changed circumstances or any other
reason.
Teleflex IncorporatedJake ElguiczeTreasurer and Vice President
of Investor Relations610-948-2836
Teleflex (NYSE:TFX)
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