Warner Chilcott redeems $210 million of 8¾% notes

By Laura Lutz

Des Moines, Nov. 14 - Warner Chilcott Ltd. announced that it redeemed $210 million of its 8¾% senior subordinated notes due 2015 on Oct. 31.

The company paid an interest premium of $18.4 million for the notes, for a total redemption price of $228.4 million.

Funding for the redemption came from the company's recently completed initial public offering of common stock.

With headquarters in Rockaway, N.J., Warner Chilcott is a pharmaceutical company focused on products for women's health and dermatology.

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