Beckman Issues Half of $200-Million Offering

Beckman Instruments Inc. said Tuesday that it has issued $100 million of long-term debt securities at a 7.05% interest rate and will use the proceeds in part to pay off borrowings that carry higher rates.

The maker of automated systems and supplies for laboratories sold the securities from a $200-million offering registered with the Securities and Exchange Commission in April. But the company said it has no plans to sell the remaining $100 million available under its registration statement.