Beckman Announces Plans For Debt Offering.FULLERTON, Calif.--(BUSINESS WIRE)--Sept. 22, 1997--Beckman Instruments, Inc. (NYSE NYSE See: New York Stock Exchange :BEC) announced today that it plans to issue approximately $400 million in debt securities in an offering pursuant to Securities and Exchange Commission Rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. . The proceeds will be used to fund a tender offer for the company's outstanding 7.05% debentures, due in 2026, and reduce other borrowings. Details concerning the tender offer and the offering of the debt securities will be announced in the near future. The debt securities to be offered will not be and have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. absent registration or an applicable exemption from registration requirements. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. concerning Beckman's current plans in connection with future debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay . These statements involve numerous risks and uncertainties that could result in Beckman's failure to achieve these goals and plans in whole or part, including the following: the possible inability of Beckman to complete one or more of the proposed transactions on acceptable terms and conditions or at all, changing debt market conditions, or insufficient market interest on acceptable terms in Beckman's securities. CONTACT: Beckman Instruments Inc., Fullerton Michael J. Whelan, 714/773-7620 |
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