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Published on 4/1/2016 in the Prospect News High Yield Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Vantage Oncology begins change-of-control bid for 9½% notes, sets call

By Angela McDaniels

Tacoma, Wash., April 1 – Vantage Oncology, LLC and Vantage Oncology Finance Co. have begun a change-of-control offer for their 9½% senior secured notes due 2017, according to a company news release.

Parent company Vantage Oncology Holdings, LLC was acquired by McKesson Corp. on April 1.

The issuers are offering 101% of par plus accrued interest up to but excluding the purchase date, which is expected to be May 5.

The offer ends at 5 p.m. ET on May 2.

The issuers will redeem any notes not tendered in the offer at par on June 15.

The depositary for the offer is Wells Fargo Bank, NA (800 344-5128).

Manhattan Beach, Calif. -based Vantage Oncology provides radiation oncology, medical oncology and other cancer care services. McKesson is a San Francisco-based health-care services and information technology company.


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