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Pall to issue $375M in bonds

Port Washington-based Pall Corp. will issue $375 million in new corporate bonds paying investors a 5 percent return.

Pall will use most of the money to pay off a previous $280 million issue of 6 percent bonds, which are due in 2012; and will use the remainder for general corporate purposes.

The new $375 million bond issue consists of senior notes, which give investors a priority claim to Pall’s assets. They are due June 15, 2020.

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