WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO) announced today that it has priced an offering of $1.2 billion aggregate principal amount of its 2.950% senior notes due 2026 at the issue price of 98.787% of the principal amount.

The issuance of the notes is expected to close on or about September 19, 2016, subject to customary closing conditions. The notes will pay interest on a semi-annual basis.

Thermo Fisher intends to use a portion of the net proceeds of the offering to redeem all of the outstanding $900 million aggregate principal amount of its 1.30% senior notes due 2017, which mature on February 1, 2017. The company plans to use the remaining net proceeds for general corporate purposes.