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Impax Laboratories gets tenders of 99.9% of 2% convertibles due 2022
By Wendy Van Sickle
Columbus, Ohio, June 5 – Impax Laboratories, Inc. said $599,376,000, or 99.9%, of its 2% senior convertible notes due 2022 were tendered by the deadline of its cash offer to repurchase any and all of the notes.
The offer expired at 11:59 p.m. ET on June 4.
All of the tendered notes will be accepted at a purchase price of par plus accrued interest to but excluding June 15, according to a press release.
Payment was expected to be made on June 5.
RBC Capital Markets (212 618-7843 or 877 381-2099) is the dealer manager.
Global Bondholder Services Corp. acted as the information agent and depositary.
Impax is a specialty pharmaceutical company based in Hayward, Calif. It is a wholly owned subsidiary of Amneal Pharmaceuticals, Inc., a Bridgewater, N.J.-based generic pharmaceutical manufacturer.
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