Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Medex Inc. > News item |
Medex receives tenders for 99.8% of 8 7/8% notes
New York, April 6 - Medex, Inc. said it received tenders of 99.8% of its 8 7/8% senior subordinated notes due 2013.
The Carlsbad, Calif., company, part of technology firm Smiths Group since March 21, said it has exercised its right to make early payment.
Holders who tendered by the consent deadline of 5 p.m. ET on April 5 will receive the $40 per $1,000 consent payment.
The tender ends at midnight ET on April 19.
Medex announced the tender on March 22 and said it is also soliciting consents to amend the indenture.
The tender is subject to at least 90% of the notes being tendered.
Medex did not disclose further details of the offer.
Morgan Stanley & Co. Inc. is dealer manager and solicitation agent (contact Riccardo Cumerlato at 800 624-1808 or call collect 212 761-1457). D.F. King & Co., Inc. is information agent (800 488-8075 or call collect 212 269-5550).
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.