Almirall holders tender less than 1% of notes in asset sale offer

By Susanna Moon

Chicago, Dec. 2 – Almirall, SA said investors had tendered €1.45 million principal amount, or about 0.45%, of its €325 million of its 4 5/8% senior notes due 2021.

Almirall will pay €1,461,735.94 to repurchase the notes, or par plus €11,735.94 of accrued interest up to and including the purchase date, according to a company notice.

The asset sale offer ran until 10 a.m. ET on Dec. 1 and began on Nov. 2. Settlement is scheduled for Dec. 4.

Almirall is a Barcelona, Spain-based pharmaceutical firm.

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