Navigation Links
Warner Chilcott Considers Potential Repurchase or Redemption of 8.75% Senior Subordinated Notes
Date:12/11/2009

ARDEE, Ireland, Dec. 11 /PRNewswire-FirstCall/ -- As Warner Chilcott plc (Nasdaq: WCRX) has previously disclosed, its acquisition of the global branded prescription pharmaceuticals business of The Procter & Gamble Company ("P&G") on October 30, 2009 (the "PGP Acquisition"), constituted a change of control under a global marketing and collaboration agreement (the "Marketing Agreement") between a P&G subsidiary acquired by Warner Chilcott and Sanofi-Aventis U.S. LLC ("Sanofi") relating to the development and sale of risedronate products (including Actonel®). Pursuant to the Marketing Agreement, the change of control gives Sanofi the right to exercise an option to put its interest in the Marketing Agreement to Warner Chilcott at a fair market value to be determined by independent third party firms (the "Sanofi Put"). In conjunction with the closing of the PGP Acquisition, certain subsidiaries of the Company entered into senior secured credit facilities (the "Senior Secured Facilities"), which included a delayed-draw term loan facility in the amount of $350.0 million to be borrowed, if necessary, to discharge, in whole or in part, the obligations of the Company or its subsidiaries in connection with the exercise of the Sanofi Put.

In the event that Sanofi does not exercise the Sanofi Put, the Company is seeking an amendment to the Senior Secured Facilities that would allow the Company and its subsidiaries to use proceeds borrowed under the delayed-draw term loan facility or a new facility to repurchase or redeem its outstanding 8.75% Senior Subordinated Notes due 2015 (the "Notes"). The Company can offer no assurance that the Sanofi Put will not be exercised, that the Company will obtain an amendment to the Senior Secured Facilities or that the Company will elect to repurchase or redeem the Notes.

Th
'/>"/>

SOURCE Warner Chilcott plc
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related medicine technology :

1. Warner Chilcott Prices Secondary Equity Offering
2. Warner Chilcott Announces Secondary Equity Offering
3. Warner Chilcott Completes Acquisition of P&Gs Global Branded Prescription Pharmaceuticals Business
4. Dr. Mahdi B. Fawzi Joins Warner Chilcott as President, Global Research and Development
5. Warner Chilcott Files Lawsuits for Infringement of DORYX(R) Patent
6. Published Data Demonstrate Arena Pharmaceuticals Lorcaserin Has Low Abuse Potential
7. Lilly Outlines Innovation Strategy, Reviews Promising Pipeline of Potential Medicines and Sets 2010 Financial Guidance
8. Drug Candidates in Pipeline Offer Potential for Parkinsons Disease Therapeutics Market, Says Frost & Sullivan
9. Significant potential of late- and mid-stage Novartis hematology portfolio to be showcased at upcoming ASH meeting
10. Raptor Pharmaceutical Corp. Announces Positive Data on NGX426 in the Potential Treatment of Neuropathic Pain
11. Central and Eastern European Healthcare Markets Hold Strong Potential for Growth Despite the Economic Slowdown, Says Frost & Sullivan
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/3/2015)... Aug. 3, 2015  EnteroMedics Inc. (NASDAQ: ETRM ), ... treat obesity, metabolic diseases and other gastrointestinal disorders, today ... appointed to the Board of Directors, effective July 31, ... Director until the 2018 annual meeting or until her ... has served in an executive capacity in the healthcare ...
(Date:8/2/2015)... 3, 2015  Lexicon Pharmaceuticals, Inc. (Nasdaq: ... Phase 3 clinical trial met its primary endpoint, ... treating cancer patients with carcinoid syndrome that is ... care. Telotristat etiprate was discovered using Lexicon,s gene ... the company,s first discovery to complete a pivotal ...
(Date:7/31/2015)... Ill. , July 31, 2015 ... ® (NABP ® ) issued a report ... ensuring that action is taken against websites illegally ... Internet Drug Outlet Identification Program Progress Report ... , thousands of websites illegally distribute ...
Breaking Medicine Technology:EnteroMedics Announces Appointment of Lori C. McDougal to the Board of Directors 2EnteroMedics Announces Appointment of Lori C. McDougal to the Board of Directors 3Lexicon Pharmaceuticals Reports Positive Top-Line Results For Pivotal Phase 3 Telotristat Etiprate Study In Cancer Patients With Carcinoid Syndrome 2Lexicon Pharmaceuticals Reports Positive Top-Line Results For Pivotal Phase 3 Telotristat Etiprate Study In Cancer Patients With Carcinoid Syndrome 3Lexicon Pharmaceuticals Reports Positive Top-Line Results For Pivotal Phase 3 Telotristat Etiprate Study In Cancer Patients With Carcinoid Syndrome 4Lexicon Pharmaceuticals Reports Positive Top-Line Results For Pivotal Phase 3 Telotristat Etiprate Study In Cancer Patients With Carcinoid Syndrome 5Lexicon Pharmaceuticals Reports Positive Top-Line Results For Pivotal Phase 3 Telotristat Etiprate Study In Cancer Patients With Carcinoid Syndrome 6NABP Stresses Need for Accountability in Enforcing Internet Policies to Protect the Public From Illegal Online Drug Sellers 2NABP Stresses Need for Accountability in Enforcing Internet Policies to Protect the Public From Illegal Online Drug Sellers 3
... As a leader in unified RIS/PACS, Avreo continues ... for preview at RSNA.  Version 7 represents an extensive ... , All new modern design with focus ... Cross-platform support, including Windows®, Mac OS® X, Apple® ...
... Radiological Society of North America (RSNA) Annual Meeting will ... to FUJIFILM Medical Systems U.S.A., Inc.,s PACS offering from ... ® PACS 4.0 includes improvements to image visualization ... and improve overall efficiency.  The latest ...
Cached Medicine Technology:Avreo Previews Version 7 RIS/PACS at RSNA 2Fujifilm Demonstrates the Latest Advancements of Synapse® PACS at RSNA 2Fujifilm Demonstrates the Latest Advancements of Synapse® PACS at RSNA 3
(Date:8/3/2015)... ... August 03, 2015 , ... ... research organisations (CROs) for a slew of benefits, allowing them to gain access ... boost quality with cost-effective utilisation of resources, get access to innovation and ensure ...
(Date:8/3/2015)... CA (PRWEB) , ... August 03, 2015 , ... ... services to help patients in need. Most people know that general health emergencies, such ... Unfortunately, a fewer amount of people know where to turn to during a dental ...
(Date:8/3/2015)... ... August 03, 2015 , ... AxoGen, Inc. (NASDAQ: AXGN), ... scheduled to present at the Wedbush Healthcare Conference on Wednesday, August 12, 2015 at ... and subsequent archived replay of the Company’s presentation may be accessed via the investor ...
(Date:8/3/2015)... ... 2015 , ... A July 13 article from The Daily Mail titled ... Painkiller That Can Last 'For Five Weeks'" discusses the use of stem cells ... showed that harvesting stem cell-rich bone marrow from the hip, known as bone marrow ...
(Date:8/3/2015)... ... 2015 , ... Constantin Vasilica, 48 from Romania wanted to have an alternative ... many years of suffering and using medications with strong side effects. This had already ... extra time off or wait longer hours in the waiting rooms. Instead, he went ...
Breaking Medicine News(10 mins):Health News:Global CRO Market Space Reviewed by Aniruddha Sowale in In-demand Research Report Available at MarketPublishers.com 2Health News:Global CRO Market Space Reviewed by Aniruddha Sowale in In-demand Research Report Available at MarketPublishers.com 3Health News:Los Angeles Dental Practice, Sunset Plaza Dental, Now Offers Emergency Dental Services 2Health News:Los Angeles Dental Practice, Sunset Plaza Dental, Now Offers Emergency Dental Services 3Health News:AxoGen, Inc. to Present at the Wedbush Healthcare Conference 2Health News:Los Angeles Spine Surgeon Gives Insight into How Stem Cells Can Relieve Back Pain 2Health News:Los Angeles Spine Surgeon Gives Insight into How Stem Cells Can Relieve Back Pain 3Health News:Chinese Health Care Provider Heshoutang Now Give Patients Complimentary Online Healing Options 2Health News:Chinese Health Care Provider Heshoutang Now Give Patients Complimentary Online Healing Options 3
... at Moffitt Cancer Center in Tampa, Fla., have found ... patients with gastrointestinal malignancies to higher body mass index ... negative outcomes, there was no such link. They concluded ... or esophageal cancer patient survival. Their study was ...
... News) -- The common cold appears to increase the ... them more sensitive, which triggers coughing, wheezing and breathlessness, ... especially vulnerable to this virus-induced coughing, said the researchers ... known as transient receptor potential (TRP) receptors. ...
... boys rated reading more valuable as an activity after ... new study. The findings come from a study ... and who participated in a reading improvement class that ... authors, Dara Williams-Rossi, Southern Methodist University, Dallas. The ...
... What happens on the day before a colonoscopy may ... Gastroenterologists at Washington University School of Medicine in ... prep for the test by cleansing their colons, doctors ... in the journal Gastrointestinal Endoscopy , the researchers ...
... Steven Reinberg HealthDay Reporter , MONDAY, March ... a novel "monoclonal antibody" lowered LDL cholesterol levels in ... percent. This new treatment could help lower levels ... who don,t respond to the commonly prescribed cholesterol-lowering drugs ...
... By Steven Reinberg HealthDay Reporter , MONDAY, March 26 ... with chest pain aren,t having a heart attack, but it can ... a new study finds that a special kind of CT scan ... faster than traditional methods, so patients can be sent home safely ...
Cached Medicine News:Health News:Does BMI affect post-surgical complications, survival in esophageal adenocarcinoma? 2Health News:Research Shows How Colds Lead to Coughing, Wheezing 2Health News:Middle school boys who are reluctant readers value reading more after using e-readers 2Health News:Middle school boys who are reluctant readers value reading more after using e-readers 3Health News:Poor colonoscopy prep hides pre-cancerous polyps 2Health News:Poor colonoscopy prep hides pre-cancerous polyps 3Health News:Poor colonoscopy prep hides pre-cancerous polyps 4Health News:New Injection Might Lower Tough-to-Treat Cholesterol 2Health News:New Injection Might Lower Tough-to-Treat Cholesterol 3Health News:CT Scans Can Spot Heart Trouble Fast 2Health News:CT Scans Can Spot Heart Trouble Fast 3
... The many benefits of fibre bronchoscopy: The ... by which all other fibre bronchoscopes are ... bronchoscopes from PENTAX, including the FB-19TV, FB-18V ... slim FB-10V and the pediatric FB-8V, offer ...
... many benefits of fibre bronchoscopy: The HF-compatible ... which all other fibre bronchoscopes are measured., ... from PENTAX, including the FB-19TV, FB-18V and ... FB-10V and the pediatric FB-8V, offer much ...
... benefits of fibre bronchoscopy: The HF-compatible V ... all other fibre bronchoscopes are measured., ... PENTAX, including the FB-19TV, FB-18V and FB-15V ... and the pediatric FB-8V, offer much better ...
... fiberoptic bronchoscopes offers a ... with a slim outside ... allows for improved suction ... cytology brushes. The scope ...
Medicine Products: