Illumina, Inc. has successfully repaid all outstanding debts under its 364-day delayed draw credit agreement, totaling $761 million, as of September 9, 2024. The repayment did not incur any prepayment penalties aside from customary breakage costs. This financial move follows the company's entry into an Underwriting Agreement on September 4, 2024, with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, for the sale of $500 million in aggregate principal amount of 4.650% notes due in 2026. The proceeds from this offering, along with available cash, were used to clear the credit agreement debt. The notes, which will mature on September 9, 2026, were issued under an Indenture dated March 12, 2021, with U.S. Bank Trust Company, National Association, as trustee. Illumina has the option to redeem these notes at any time under the terms set forth in the agreement.

Illumina, Inc. has successfully repaid all outstanding debts under its 364-day delayed draw credit agreement, totaling $761 million, as of September 9, 2024. The repayment did not incur any prepayment penalties aside from customary breakage costs. This financial move follows the company's entry into an Underwriting Agreement on September 4, 2024, with J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC, for the sale of $500 million in aggregate principal amount of 4.650% notes due in 2026. The proceeds from this offering, along with available cash, were used to clear the credit agreement debt. The notes, which will mature on September 9, 2026, were issued under an Indenture dated March 12, 2021, with U.S. Bank Trust Company, National Association, as trustee. Illumina has the option to redeem these notes at any time under the terms set forth in the agreement.