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Prospect News home > News index > List of issuers E > Headlines for Elan Corp. plc > News item |
Elan intends to sell new senior notes to fund tender offers
By Paul A. Harris and Aleesia Forni
Columbus, Ohio, Sept. 24 - Elan Corp. plans to offer senior notes to fund tender offers for its $472.1 million of 8¾% senior notes due 2016 and $152.4 million of 8¾% senior notes due 2016, according to a market source.
Morgan Stanley & Co. LLC is the dealer manager.
The offer expires Oct. 22.
Elan is a Dublin-based biotechnology company.
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