Axcan calls $40 million of 12¾% notes for March 19 redemption

By Ashley Montgomery

Kansas City, Kan., Feb. 22 - Axcan Intermediate Holdings, Inc. said it will redeem $40 million of its $235 million 12¾% senior notes due 2016.

The notes will be redeemed March 19 at 106.375 plus accrued interest to the redemption date.

Bank of New York Mellon is the trustee.

Axcan is a Mont-Saint-Hilaire, Quebec-based pharmaceutical company focused on the treatment of gastrointestinal disorders.

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