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Mylan Laboratories to start roadshow Wednesday for $500 million two-part deal
By Paul A. Harris
St. Louis, July 5 - Mylan Laboratories Inc. will start a roadshow Wednesday for its $500 million two-part offering of senior notes (Ba1/BB+), according to a syndicate source.
An investor call is scheduled for 12:30 p.m. ET Thursday. Pricing is expected on July 14.
The Canonsburg, Pa., pharmaceutical company is in the market with a five-year bullet and a 10-year note which comes with five years of call protection.
Merrill Lynch & Co. has the books for the Rule 144A/Regulation S offering. BNY Securities, KeyBanc, PNC and SunTrust Robinson Humphrey are the co-managers.
Proceeds, along with on hand cash, will be used to fund a $1.25 billion share repurchase program.
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