NBTY tenders for $150 million 8 5/8% notes due 2007

By Jennifer Chiou

New York, Aug. 25 - NBTY, Inc. announced a cash tender offer for any and all of its $150 million of 8 5/8% senior subordinated notes due 2007.

The offer ends at 11:59 p.m. ET on Sept. 22, unless extended, and investors who tender their securities before 11:59 a.m. ET on Sept. 15, the early participation date, will receive par for their notes, which includes a $20.00 per $1,000 principal amount of notes early participation payment.

Noteholders who tender their holdings after the early participation date will receive $980.00 per $1,000 principal amount.

The company may, according to the notes' indenture, redeem the notes at par plus accrued interest on or after Sept. 15 and NBTY intends to redeem notes not tendered at that time.

The offer is conditioned upon the completion of a new offering of senior subordinated notes.

J.P. Morgan Securities Inc. is the dealer manager and D.F. King Co., Inc. is the information agent (800 628-8532 or call collect 212 269-5550).

Based in Bohemia, N.Y., NBTY manufactures nutritional supplements.

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