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[8-K] QUEST DIAGNOSTICS INC Reports Material Event

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Quest Diagnostics Incorporated has priced a public offering of $500 million aggregate principal amount of 5.000% senior notes due 2036 under its shelf registration statement. The company expects to receive net proceeds at closing on May 6, 2026, subject to customary conditions.

Quest plans to use the net proceeds for general corporate purposes, which may include repaying existing indebtedness, including its $500 million aggregate principal amount of 3.45% Senior Notes maturing on June 1, 2026. The company also entered into an underwriting agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC in connection with the offering.

Positive

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Insights

Quest refinances $500M debt with new 10-year 5.000% notes.

Quest Diagnostics is issuing $500 million of 5.000% senior notes due 2036, while highlighting potential repayment of its existing $500 million of 3.45% Senior Notes maturing on June 1, 2026. This points to a refinancing-focused capital markets transaction.

The filing states proceeds will be used for general corporate purposes, including possible debt repayment, without detailing exact allocation. An underwriting agreement with major banks supports execution, and closing is expected on May 6, 2026, subject to customary conditions. Overall, this is routine balance sheet management rather than a thesis-changing event.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of Earliest Event Reported): April 27, 2026

 

 

Quest Diagnostics Incorporated

(Exact Name of Registrant as Specified in Its Charter)

 

 

Delaware

(State or other jurisdiction of incorporation)

 

001-12215 16-1387862
(Commission File Number) (I.R.S. Employer Identification No.)
   

500 Plaza Drive

Secaucus, NJ

07094
(Address of principal executive offices) (Zip Code)
   
(973) 520-2700
(Registrant's telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.01 Par Value DGX New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company   ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.       ¨

 

 

 

 

 

 

Item 8.01 Other Events

 

On April 27, 2026, Quest Diagnostics Incorporated (the “Company”) issued a press release announcing the pricing of a public offering of $500 million aggregate principal amount of its 5.000% senior notes due 2036 (the “Notes”) under the Company’s shelf registration statement. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of indebtedness. The indebtedness the Company may repay includes its $500 million aggregate principal amount of 3.45% Senior Notes that mature on June 1, 2026. The Company expects to receive the net proceeds upon closing of the offering on May 6, 2026, subject to customary closing conditions. A copy of the press release, dated April 27, 2026, is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated by reference into this Current Report on Form 8-K.

 

In connection with the offering of the Notes, on April 27, 2026, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC on behalf of themselves and the other underwriters named therein. The Underwriting Agreement is attached to this Current Report on Form 8-K as Exhibit 1.1 and is incorporated by reference into this Current Report on Form 8-K.

 

Item 9.01 Financial Statements and Exhibits

 

  Exhibit Description
     
  1.1 Underwriting Agreement, dated April 27, 2026.
     
  99.1 Press Release issued by the Company, dated April 27, 2026.
     
  104 The cover page from this current report on Form 8-K, formatted in Inline XBRL.

 

 

 

 

Signature

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

May 1, 2026 

 

 QUEST DIAGNOSTICS INCORPORATED
   
By:/s/ Sean D. Mersten
  Sean D. Mersten
  Vice President and Corporate Secretary

 

 

 

 

Exhibit 99.1

 

Quest Diagnostics Prices $500 Million of Senior Notes

 

SECAUCUS, NJ – April 27, 2026 /PRNewswire/ Quest Diagnostics Incorporated (NYSE: DGX) (the “Company”), a leader in diagnostic information services, today announced the pricing of a public offering of $500 million aggregate principal amount of its 5.000% senior notes due 2036 (the “Notes”) under Quest Diagnostics' shelf registration statement.

 

Quest Diagnostics expects to receive the net offering proceeds upon closing on May 6, 2026, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include the repayment of indebtedness. The indebtedness the Company may repay with the net proceeds of this offering includes its $500 million aggregate principal amount of 3.45% Senior Notes which will mature on June 1, 2026.

 

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any of these securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This offering may be made only by means of a prospectus supplement and accompanying base prospectus, copies of which or information concerning this offering may be obtained by calling Goldman Sachs & Co. LLC, toll free at 1 (866) 471-2526, J.P. Morgan Securities LLC, collect at 1-212-834-4533 or Mizuho Securities USA LLC, toll free at 1-866-271-7403.

 

About Quest Diagnostics

 

Quest Diagnostics works across healthcare to create a healthier world, one life at a time. We connect people, from clinicians to consumers, with laboratory insights that illuminate a path to better health. With a focus on delivering smarter, simpler testing, we help reveal new avenues to identify and treat disease, empower healthy behaviors and improve healthcare management. Quest Diagnostics serves half the physicians and hospitals in the United States and one in three American adults each year, and our nearly 57,000 employees work together to deliver diagnostic insights that inspire actions to transform lives.

 

Forward Looking Statements

 

The statements in this press release which are not historical facts may be forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date that they are made and which reflect management's current estimates, projections, expectations or beliefs, including with regard to the consummation of the offering of the Notes, and which involve risks and uncertainties that could cause actual results and outcomes to be materially different. Risks and uncertainties that may affect the future results of the Company include, but are not limited to, uncertain and volatile economic conditions, adverse results from pending or future government investigations, lawsuits or private actions, the competitive environment, the complexity of billing, reimbursement and revenue recognition for clinical laboratory testing, changes in government policies, including related to trade, and regulations, changing relationships with customers, payers, suppliers or strategic partners, acquisitions and other factors discussed in the Company's most recently filed Annual Report on Form 10-K and in any of the Company's subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including those discussed in the "Business," "Risk Factors," "Cautionary Factors that May Affect Future Results" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of those reports.

 

SOURCE Quest Diagnostics

 

For further information: Wendy Bost, Quest Diagnostics (Media): 973-520-2800, Daniel Haemmerle, Quest Diagnostics (Investors): 973-520-2900

 

 

 

FAQ

What type of securities is Quest Diagnostics (DGX) offering in this 8-K?

Quest Diagnostics is offering $500 million aggregate principal amount of 5.000% senior notes due 2036. These fixed-income securities are being issued under the company’s shelf registration statement through a public debt offering to institutional and other eligible investors.

How much is Quest Diagnostics (DGX) raising in its senior notes offering?

Quest Diagnostics is raising $500 million in aggregate principal amount through 5.000% senior notes due 2036. The company expects to receive the net proceeds at closing, subject to customary conditions, and may use the funds for general corporate purposes, including debt repayment.

What interest rate and maturity apply to Quest Diagnostics’ new senior notes?

The new Quest Diagnostics senior notes carry a 5.000% interest rate and mature in 2036. This fixed-rate, long-dated debt instrument provides the company with extended-term financing compared with its 3.45% Senior Notes that mature on June 1, 2026.

How does Quest Diagnostics intend to use the proceeds from the $500 million notes?

Quest Diagnostics plans to use the net proceeds for general corporate purposes, which may include repayment of indebtedness. The indebtedness that may be repaid includes $500 million aggregate principal amount of its 3.45% Senior Notes maturing on June 1, 2026, subject to management’s decisions.

When is the Quest Diagnostics senior notes offering expected to close?

Quest Diagnostics expects the senior notes offering to close on May 6, 2026. Completion of the transaction is subject to the satisfaction of customary closing conditions, as is typical for underwritten public debt offerings managed by investment banks.

Which banks are underwriting Quest Diagnostics’ $500 million senior notes offering?

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Mizuho Securities USA LLC are underwriting the Quest Diagnostics offering. The company entered into an underwriting agreement with these firms on April 27, 2026, in connection with the issuance of the 5.000% senior notes due 2036.

Filing Exhibits & Attachments

5 documents