Catalent Pharma begins tender offer for 9½%/10¼% PIK-election notes

By Toni Weeks

San Diego, Sept. 4 - Catalent Pharma Solutions, Inc. started a tender offer for up to $250 million of its $619,133,490 of 9½%/10¼% senior PIK-election notes due 2015, according to a company news release.

The company will pay $1,027.50 per $1,000 principal amount of notes. The amount includes an early tender payment of $27.50 for notes tendered by 5 p.m. ET on Sept. 17, the early tender date.

The company will also pay accrued interest up to but excluding the settlement date.

Catalent may prorate the amount of notes accepted for purchase by the early tender date and has the option of purchasing any or all of the notes tendered on the final settlement date.

Holders may withdraw notes validly tendered at any time prior to the early tender date.

The offer expires at 11:59 p.m. ET on Oct. 1 and is not contingent upon the receipt of any minimum principal amount of notes.

Morgan Stanley & Co. LLC (800 624-1808 or 212 761-1057) is the dealer manager. D.F. King & Co., Inc. (800 290-6427) is the tender agent and information agent.

Catalent is a Somerset, N.J.-based provider of technologies and services for pharmaceutical, biotechnology and health-care companies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.