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Alere looking for $350M from notes placement

Tue, 09/14/2010 - 4:33am
Mass High Tech: The Journal of New England Technology

Alere Inc., the Waltham life sciences firm formerly known as Inverness Medical Innovations Inc., plans to raise $350 million through a private placement of senior subordinated notes, with proceeds being used for working capital and general purposes.

According to officials at Alere (NYSE: ALR) the notes will be due in 2018. The company did not disclose the purchaser of the notes, or identify any manager of the sale.

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