ST. LOUIS, April 6, 2012 /PRNewswire/ -- On April 6, 2012, Medco Health Solutions, Inc., a wholly owned subsidiary of Express Scripts Holding Company (NASDAQ: ESRX), issued a notice of redemption to the holders of its 7.25% Senior Notes due August 15, 2013 (Cusip No. 58405UAC6) (the "Notes"), which were issued under the Indenture, dated as of August 12, 2003, between Medco and U.S. Bank Trust National Association, as trustee. As indicated in the notice of redemption, Medco intends to redeem the Notes, pursuant to the optional redemption provisions of the Indenture, on May 7, 2012. The redemption of the Notes, which is expected to be financed by Express Scripts, primarily from cash on hand, is consistent with Express Scripts' previously announced plans to de-lever following the completion of the Medco acquisition.
On April 6, 2012, Medco notified the NYSE of its intention to withdraw the Notes from listing on the NYSE. Such withdrawal is being effected in connection with the redemption of the Notes discussed above. In accordance with applicable U.S. securities laws, Medco intends to file a Form 25 with the U.S. Securities and Exchange Commission to notify the Commission of its withdrawal of the Notes from listing on the NYSE and its intention to withdraw the Notes from registration under Section 12(b) of the U.S. Securities Exchange Act of 1934, as amended. Medco has not arranged for listing and/or registration of the Notes on another national securities exchange or for quotation of the Notes in a quotation medium.
About Express Scripts
Express Scripts is leading the way toward creating better health and value for patients through Consumerology®, the advanced application of the behavioral sciences to healthcare. This approach is helping millions of members realize greater healthcare outcomes and lowering
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