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Boston Scientific plans to use the proceeds of a more than $1 billion debt offering to retire other debts due in 2014 and 2015.

Boston Scientific prices $1B debt offering

Boston Scientific (NYSE:BSX) said it plans to use the proceeds of a $1.05 billion debt offering to retire some of its other debt coming due over the next few years.

The Natick, Mass.-based medical device company said it will offer $600 million worth of 2.65% senior notes due Oct. 1, 2018, and another $450 million worth of 4.125% notes due Oct. 1, 2023.

Boston Scientific has $1.45 billion in debt due in 2014 and 2015, including $600 million worth of 5.45% notes due June 15, 2014, and another $850 million in 4.5% notes due Jan. 15, 2015.

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