Beckman Issues $100 Million in Public Debt Securities.FULLERTON Fullerton, city (1990 pop. 114,144), Orange co., S Calif., SE of Los Angeles; founded 1887, inc. 1904. The city is named for George H. Fullerton, head of a land company, who arranged to route the San Diego–Los Angeles–Santa Fe RR through the settlement in , Calif.--(BUSINESS WIRE)--May 28, 1996--Beckman Instruments Inc. (NYSE NYSE See: New York Stock Exchange :BEC) announced today the issuance of $100 million in debentures, due on June 1, 2026, at an interest rate of 7.05%. Beckman intends to use the proceeds for general corporate purposes and to repay the company's existing commercial paper borrowings. Beckman filed a registration statement (Form S-3) with the Securities and Exchange Commission on April 5, 1996, indicating its intent to issue up to $200 million in public debt securities. The company currently has no plans to issue the remaining $100 million available under its registration statement. Beckman Instruments Inc. is a registered ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 Quality Systems Company which develops, manufactures and markets automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. systems and supplies used for biological analysis in laboratories for research, product development and clinical diagnostics (1) Software routines that test hardware components (memory, keyboard, disks, etc.). Diagnostics are often stored in ROM chips and activated on startup. (2) Error messages in a programmer's source code that refer to statements or syntax that the compiler or assembler . Beckman operates in more than 120 countries. CONTACT: Beckman Instruments Inc., Fullerton Michael J. Whelan, 714/773-7620 |
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