Illumina establishes $1B commercial paper program

Illumina, Inc. (NASDAQ: ILMN) established an unsecured commercial paper program on October 8, 2026, under which the company may issue short-term, unsecured commercial paper notes with an aggregate principal amount not to exceed $1.0 billion outstanding at any time.

The notes will mature within 397 days from the date of issue and will be issued either at a discount from par or at par with fixed or floating interest rates. The company said net proceeds are expected to be used for general corporate purposes.

Three commercial paper dealers will act under the program, with a national bank serving as issuing and paying agent. As of the filing date, no notes were outstanding under the program.

The notes are exempt from registration under Section 4(a)(2) of the Securities Act of 1933 and have not been registered under federal or state securities laws.

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