AmerisourceBergen calls 8 1/8% notes, 7 ¼% notes

By Jennifer Chiou

New York, Sept. 29 - AmerisourceBergen Corp. said it will redeem all its 8 1/8% senior notes due 2008 and 7¼% senior notes due 2012 remaining outstanding after its tender offer due to expire on Sept. 23, according to an 8-K filing with the Securities and Exchange Commission.

The redemption date is Oct. 27.

AmerisourceBergen will pay a prepayment premium on the notes equal to the sum of the present values of the remaining scheduled payments due on the notes, discounted to the redemption date on a semiannual basis at a rate included in the notes' indenture.

On Sept. 27, the company also said it chose to defease the notes pending the redemption. In doing so, the company deposited $2.7 million with J.P. Morgan Trust Co., NA, the trustee.

If the redemption payment differs from that amount, AmerisourceBergen will either make up the difference or receive the overpayment.

In the tender offer, AmerisourceBergen said on Sept. 14 that it accepted the $497.7 million or 99.5% of its $500 million of 8 1/8% senior notes due 2008 and $299.3 million or 99.8% of its $300 million of 7¼% senior notes due 2012 submitted by the consent deadline.

The pharmaceutical services company is based in Valley Forge, Pa.

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