Alaris Medical files shelf to refinance notes

New York, April 17 - Alaris Medical, Inc. filed a $550 million shelf registration with the Securities and Exchange Commission Thursday saying it would use proceeds to refinance some or all of three series of notes.

Notes to be taken out are Alaris' 11 1/8% senior discount notes due 2008 and Alaris Medical Systems' 11 5/8% senior secured notes due 2006 and 9¾% senior subordinated notes due 2006.

Alaris had $177.5 million of the 11 1/8% notes, $170 million of the 11 5/8% notes and $180 million of the 9¾% notes outstanding for a total of $527.5 million as of Dec. 31, 2002, according to San Diego medication safety company's most recent filing with the Securities and Exchange Commission.

The shelf registration covers debt securities, common stock, preferred stock, depositary shares, stock purchase units, stock purchase contracts and warrants; the securities may be issued as convertibles.

Any proceeds from securities sales not used in refinancing will be used for general corporate purposes.

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