Labcorp

“Matthews South was our capital markets advisor on the $1bn ASR we executed following the completion of our spin-off of Fortrea Holdings Inc. Although we had previously done an ASR, we engaged Matthews South because the ASR process is opaque and we saw value in having proven experts on our side. Matthews South helped us structure our ASR and negotiate a discount that was fair for us and our banking partners executing the ASR. Their structuring process is unlike anything I have seen from other providers and we felt fully informed of what our options were. In addition, the Matthews South team upgraded our documentation to have the latest company protections. It was invaluable for our team to be able to lean on Matthews South throughout this process.”