FREE WRITING PROSPECTUS

Filed Pursuant to Rule 433

Registration No. 333-130141

 

$250,000,000

 

LABORATORY CORPORATION OF AMERICA HOLDINGS

 

5.625% SENIOR NOTES DUE 2015

 

FINAL PRICING TERMS

December 9, 2005

 

ISSUER:

   Laboratory Corporation of America Holdings (Bloomberg Ticker: LH)

AGGREGATE PRINCIPAL AMOUNT OFFERED:

   $250,000,000

EXPECTED RATINGS:

   Baa3/BBB

FORMAT:

   SEC Registered (Global) (No. 333-130141)

MATURITY:

   12/15/2015

SETTLEMENT:

   12/14/05 (T+3)

PRICE TO PUBLIC:

   $997.13 per $1,000 principal amount; 99.713% of principal amount

SPREAD:

   115 basis points over the ten year treasury

UST SPOT:

   99 28+/32%

COUPON:

   5.625% per year (payable semi-annually) from December 14, 2005

INTEREST PAYMENT DATES:

   June 15 and December 15, beginning June 15, 2006

MAKE-WHOLE CALL AT ANY TIME:

   Treasury Rate plus 20 basis points

DENOMINATIONS:

   $1,000 and multiples of $1,000

YIELD:

   5.663%

BOOKS:

   Banc of America Securities LLC

CO-MANAGERS:

   Lehman Brothers Inc.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free:

 

Banc of America Securities LLC

   1-800-294-1322