II-VI Incorporated announced that it plans to offer $990 million aggregate principal amount of senior notes due 2029 (the ?Notes?) in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended. The Notes will be guaranteed by each of the Company?s material wholly owned domestic subsidiaries, subject to customary exceptions. The Company intends to use the proceeds from the offering of the Notes to fund the cash consideration, the repayment of certain indebtedness and certain fees and expenses in connection with the Company?s previously announced pending business combination with Coherent Inc. (?Coherent?), pursuant to an Agreement and Plan of Merger, dated March 25, 2021, by and among the Company, Coherent and Watson Merger Sub Inc., a wholly owned subsidiary of the Company. There can be no assurance that the offering of the Notes will be completed.