Aptalis to pay down secured credit facilities via stock offering

By Tali David

Minneapolis, Dec. 26 - Aptalis Holdings Inc. plans to use the proceeds from a common stock offering to repay some of the $1.25 billion outstanding under its senior secured credit facilities, according to an S-1 filed with the Securities and Exchange Commission.

The remainder will be used for working capital and general corporate purposes, which may include repayment of additional debt and the funding of strategic growth opportunities.

Aptalis, formerly known as Axcan Holdings Inc., is a Bridgewater, N.J.-based specialty pharmaceutical company.

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