UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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ITEM 8.01 Other Events
On May 14, 2020, Boston Scientific Corporation (the “Company”) announced the pricing of a public offering of $1.7 billion aggregate principal amount of its senior notes under the Company’s shelf registration statement. The public offering consists of $500.0 million in aggregate principal amount of 1.900% notes due 2025 and $1.2 billion in aggregate principal amount of 2.650% notes due 2030. The Company expects the offering to close on May 18, 2020, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to (i) refinance $450.0 million of borrowings under its revolving credit facility and a portion of its pre-payable bank debt, including $750.0 million under its $1.0 billion term loan credit facility maturing in February 2021 and $500.0 million under its $1.25 billion term loan credit facility maturing in April 2021 and (ii) pay related fees, expenses and premiums.
A copy of the press release is filed with this report as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit No. Description
| 99.1 | Press Release issued by Boston Scientific Corporation, dated May 14, 2020. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 14, 2020 | BOSTON SCIENTIFIC CORPORATION | |
| By: | /s/ Vance R. Brown | |
| Vance R. Brown | ||
| Vice President and Chief Corporate Counsel | ||