NBTY gets tenders for $74.5 million of $150 million 8 5/8% notes due 2007, calls remainder

By Jennifer Chiou

New York, Sept. 23 - NBTY, Inc. announced it received tenders from holders of $74,458,000 or 49.6% of its $150 million of 8 5/8% senior subordinated notes due 2007.

The offer ended at 11:59 p.m. ET on Sept. 22 and investors who tendered 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.

NBTY has called the remaining notes, which it will redeem on Oct. 24 at par plus accrued interest.

The offer was conditioned upon the completion of a new notes offering and the company said it closed on an already announced $200 million of 7 1/8% senior subordinated notes due 2015.

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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