Teledyne to raise $125M in debt sale
Thousand Oaks-based industrial conglomerate Teledyne Technologies hopes to raise up to $125 million in operating capital by selling debt.
The company said that on Dec. 4 it will issue $30 million of senior unsecured notes at 2.6 percent due Dec. 4, 2019 and $95 million of 3.1 percent senior unsecured notes due on Dec. 6, 2021. The proceeds from the raise will be used for general corporate purposes, including acquisitions and share repurchases, Teledyne said.
