Owens & Minor Prices $550 Mln Senior Notes Offering

(RTTNews) - Owens & Minor, Inc. (OMI) said Thursday that it has priced its underwritten public offering of $275 million of 3.875% Senior Notes due 2021 and $275 million of 4.375% Senior Notes due 2024.

Estimated net proceeds from the offering will be about $542.7 million, after deducting the underwriting discount and estimated offering expenses.

The offering is expected to settle on September 16,.

The company plans to use the proceeds from the offering to fund its previously announced acquisition of Medical Action Industries Inc., to fund the redemption of all of its outstanding 6.35% Senior Notes due 2016 and for other general corporate purposes.