Friday, August 31, 2012
Davis Polk advised Credit Suisse Securities (USA) LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as underwriters on a public offering by Laboratory Corporation of America Holdings (LabCorp) of $500 million aggregate principal amount of 2.20% senior notes due 2017 and $500 million aggregate principal amount of 3.75% senior notes due 2022.
Based in Burlington, North Carolina, LabCorp is the second-largest independent clinical laboratory company in the United States performing a range of clinical tests from routine blood analyses to HIV and genomic testing and specializes in developing diagnostic technologies.
The Davis Polk team included partner John G. Crowley and associates Sarah Ashfaq and Alexa Taylor. Partner Michael Farber and associate Avinash Venkatesh provided tax advice. The environmental team included counsel Loyti Cheng and associate Catharine Thorpe. Associate Randy Samson provided intellectual property advice. Rosemarie Melendez was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
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