Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
IMS Health to redeem $649.72 million of 12½% exchange notes due 2018
By Tali Rackner
Norfolk, Va., Feb. 25 - IMS Health Inc. issued a conditional notice of redemption of $649.72 million, or 65%, of its 12½% senior secured exchange notes due 2018, according to a release.
The notes will be redeemed at 112.5 plus accrued interest, for total consideration of $737,928,513.89, on April 2.
The redemption is subject to the completion of an equity offering by the company's indirect parent company, IMS Health Holdings, Inc., that results in at least $900 million of net proceeds.
U.S. Bank NA is the paying agent.
IMS is a Parsippany, N.J.-based provider of information, services and technology for the health-care industry.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.