| | | |
Per note
|
| |
Total
|
| ||||||
|
Public offering price(1)
|
| | | | 98.751% | | | | | $ | 493,755,000 | | |
|
Underwriting discount
|
| | | | 0.650% | | | | | $ | 3,250,000 | | |
|
Proceeds, before expenses, to us
|
| | | | 98.101% | | | | | $ | 490,505,000 | | |
| |
Goldman Sachs & Co. LLC
|
| |
J.P. Morgan
|
| |
Mizuho
|
|
| |
Morgan Stanley
|
| | | | |
Wells Fargo Securities
|
|
| |
Credit Agricole CIB
|
| |
MUFG
|
| |
PNC Capital Markets LLC
|
|
| |
BofA Securities
|
| |
Fifth Third Securities
|
| |
KeyBanc Capital Markets
|
|
| | | | |
BNY Capital Markets
|
| | | |
| |
Prospectus supplement
|
| | ||||||||
| | | | | | S-1 | | | | |||
| | | | | | S-5 | | | | |||
| | | | | | S-6 | | | | |||
| | | | | | S-9 | | | | |||
| | | | | | S-10 | | | | |||
| | | | | | S-11 | | | | |||
| | | | | | S-28 | | | | |||
| | | | | | S-32 | | | | |||
| | | | | | S-36 | | | | |||
| | | | | | S-36 | | | | |||
| | | | | | S-36 | | | | |||
| |
Prospectus
|
| | | | ||||||
| | | | | | ii | | | | |||
| | | | | | ii | | | | |||
| | | | | | iv | | | | |||
| | | | | | 1 | | | | |||
| | | | | | 2 | | | | |||
| | | | | | 3 | | | | |||
| | | | | | 4 | | | | |||
| | | | | | 5 | | | | |||
| | | | | | 7 | | | | |||
| | | | | | 8 | | | | |||
| | | | | | 8 | | | | |||
| | | |
March 31, 2026
|
| |||||||||
| | | |
Actual
|
| |
As adjusted
|
| ||||||
| | | |
(in millions)
|
| |||||||||
|
Cash and cash equivalents
|
| | | $ | 393 | | | | | $ | 373(a) | | |
| Debt (including current maturities): | | | | | | | | | | | | | |
|
Secured receivables credit facility
|
| | | | — | | | | | | — | | |
|
Senior unsecured revolving credit facility
|
| | | | — | | | | | | — | | |
|
3.45% senior notes due 2026
|
| | | | 500 | | | | | | — | | |
|
4.60% senior notes due 2027
|
| | | | 400 | | | | | | 400 | | |
|
4.20% senior notes due 2029
|
| | | | 499 | | | | | | 499 | | |
|
4.625% senior notes due 2029
|
| | | | 600 | | | | | | 600 | | |
|
2.95% senior notes due 2030
|
| | | | 799 | | | | | | 799 | | |
|
2.80% senior notes due 2031
|
| | | | 559 | | | | | | 559 | | |
|
6.40% senior notes due 2033
|
| | | | 753 | | | | | | 753 | | |
|
5.00% senior notes due 2034
|
| | | | 836 | | | | | | 836 | | |
|
6.95% senior notes due 2037
|
| | | | 175 | | | | | | 175 | | |
|
5.75% senior notes due 2040
|
| | | | 246 | | | | | | 246 | | |
|
4.70% senior notes due 2045
|
| | | | 300 | | | | | | 300 | | |
|
Senior notes offered hereby
|
| | |
|
—
|
| | | |
|
494(b)
|
| |
|
Other
|
| | | | 20 | | | | | | 20 | | |
|
Debt issuance costs
|
| | | | (29) | | | | | | (34) | | |
|
Total debt
|
| | | $ | 5,658 | | | | | $ | 5,647 | | |
| Stockholders’ equity: | | | | | | | | | | | | | |
|
Quest Diagnostics stockholders’ equity
|
| | | | 7,366 | | | | | | 7,366 | | |
|
Noncontrolling interests
|
| | | | 300 | | | | | | 300 | | |
|
Total stockholders’ equity
|
| | | | 7,666 | | | | | | 7,666 | | |
|
Total capitalization
|
| | | $ | 13,324 | | | | | $ | 13,313 | | |
|
Underwriter
|
| |
Principal Amount of
Notes |
| |||
|
Goldman Sachs & Co. LLC
|
| | | $ | 95,000,000 | | |
|
J.P. Morgan Securities LLC
|
| | | $ | 95,000,000 | | |
|
Mizuho Securities USA LLC
|
| | | $ | 95,000,000 | | |
|
Morgan Stanley & Co. LLC
|
| | | $ | 45,000,000 | | |
|
Wells Fargo Securities, LLC
|
| | | $ | 45,000,000 | | |
|
Credit Agricole Securities (USA) Inc.
|
| | | $ | 26,250,000 | | |
|
MUFG Securities Americas Inc.
|
| | | $ | 26,250,000 | | |
|
PNC Capital Markets LLC
|
| | | $ | 26,250,000 | | |
|
BofA Securities, Inc.
|
| | | $ | 13,750,000 | | |
|
Fifth Third Securities, Inc.
|
| | | $ | 13,750,000 | | |
|
KeyBanc Capital Markets Inc.
|
| | | $ | 10,000,000 | | |
|
BNY Mellon Capital Markets, LLC
|
| | | $ | 8,750,000 | | |
|
Total
|
| | | $ | 500,000,000 | | |
| | | |
Notes
|
| |||||||||
| | | |
Per note
|
| |
Total
|
| ||||||
|
Public offering price(1)
|
| | | | 98.751% | | | | | $ | 493,755,000 | | |
|
Underwriting discount
|
| | | | 0.650% | | | | | $ | 3,250,000 | | |
|
Proceeds, before expenses, to us
|
| | | | 98.101% | | | | | $ | 490,505,000 | | |
| | | |
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|
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