Boston Scientific Completes $4.3 Billion Offering of Senior Notes and Issues Redemption Notice for its 2020 Notes Boston Scientific Corporation (NYSE: BSX) completed a public offering of $4.3 billion aggregate principal amount of its senior notes. The public...

MARLBOROUGH, Mass. , Feb. 25, 2019 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX ) completed a public offering of $4.3 billion aggregate principal amount of its senior notes. The public offering consists of $850 million of 3.450% notes due 2024, $850 million of 3.750% notes due 2026, $850 million of 4.000% notes due 2029, $750 million of 4.550% notes due 2039 and $1.0 billion of 4.700% notes due 2049.

The Company intends to use the net proceeds from the offering to (i) finance a portion of its previously announced proposed acquisition of BTG plc (the "BTG Acquisition"), (ii) redeem its 6.000% notes due January 2020 and its 2.850% notes due May 2020 (collectively, the "2020 Notes"), of which $850 million aggregate principal amount and $600 million aggregate principal amount, respectively, were outstanding as of the date of the aforementioned offering, (iii) repay amounts outstanding under its $1.0 billion Term Loan facility maturing August 2019 , which bore interest at an annual rate of LIBOR plus 0.65%, (iv) repay other short term debt and (v) pay related fees, expenses and premiums.

Following the completion of the offering, the Company issued redemption notices for the full redemption of each series of 2020 Notes. The complete terms of each redemption, including the redemption price to be paid under the terms of each series of notes, are described in the applicable redemption notice, delivered to holders of the relevant series of 2020 Notes. The redemption notice in respect of the 6.000% notes due January 2020 indicates a redemption date of March 27 , 2019. The redemption notice in respect of the 2.850% notes due May 2020 indicates a redemption date of March 12 , 2019. Copies of the notice of redemption for the 6.000% notes due January 2020 can be obtained from the Bank of New York Mellon Trust Company, N.A. by calling Bondholder Relations at 800-254-2826 or email at bhr.clientservice@bnymellon . Copies of the notice of redemption for the 2.850% notes due May 2020 can be obtained from the U.S. Bank National Association, by calling Alison Nadeau at 617-603-6553.

About Boston Scientific Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare.

Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "intend," "aiming" and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding our proposed offering and intended use of proceeds. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These risks and uncertainties, in some cases, have affected and in the future could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.

SOURCE Boston Scientific Corporation