Alphabet Holding starts consent solicitation for 7¾%/8½% notes

By Tali David

Minneapolis, Dec. 2 - Alphabet Holding Co., Inc. announced that it is soliciting consents from holders of its 7¾%/8½% contingent cash pay senior notes due 2017, according to a filing with the Securities and Exchange Commission.

The company is offering a cash payment of $15 per $1,000 principal amount of notes to holders who consent to amend the notes' indenture. The consent payment will be made once the amendments are adopted.

If the necessary consents are obtained, the company intends to offer and sell up to $450 million principal amount of notes under the indenture to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S.

The solicitation will expire at 5 p.m. ET on Dec. 10.

Barclays is the solicitation agent (212 528-7581 or 800 438-3242). The information agent is D.F. King & Co, Inc. (800 967-5079 or 212 269-5550 for banks and brokers; nfg@dfking.com).

Alphabet is the parent company to NBTY, a manufacturer, marketer, distributor and retailer of vitamins and nutritional supplements.

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