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Teleflex Incorporated Announces Pricing of $400 Million Senior Notes Offering

WAYNE, Pa., May 11, 2016 (BUSINESS WIRE) -- Teleflex Incorporated TFX, -1.30% (“Teleflex”) announced today that it priced its offering of $400.0 million aggregate principal amount of 4.875% senior notes due 2026 (the “Notes”) at an issue price of 100.000%. The sale of the Notes is expected to close on May 16, 2016, 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 $393.0 million of borrowings under its revolving credit facility.

J.P. Morgan and BofA Merrill Lynch are acting as joint book-running managers for this offering.

The Notes will be issued pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”) on Form S-3. The offering is being made only by means of a prospectus supplement and accompanying prospectus...


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