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Thermo Fisher finesses PPD takeover management with USD5.8bn short dated multi-tranche

21 Oct 2021

The Massachusetts-based Thermo announced the latest chunk of its PPD takeover financing on the morning of 19 October with five tranches concentrated at the short end of the curve. A USD 1.5NC0.5 FRN was announced and equal parts 2NC1 and 3NC1

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