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TEXT-S&P rates Laboratory Corp. of America Holdings notes 'BBB+'
Aug 20 - Overview -- Laboratory Corp. of America Holdings (LabCorp), a U.S. provider of clinical laboratory services, is refinancing some of its debt. -- We are assigning our 'BBB+' rating to LabCorp's proposed senior unsecured notes due 2017 and senior unsecured notes due 2022. -- We expect proceeds to be used to repay borrowing from LabCorp's revolving credit facility ($450 million outstanding as of June 30, 2012) and $350 million of notes maturing in January 2013. -- T ...
Published By: Reuters (Company news) - Monday, 20 August, 2012