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Published on 12/10/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Omnicare plans to redeem $75 million of 6 1/8% senior notes due 2013

By Devika Patel

Knoxville, Tenn., Dec. 10 - Omnicare, Inc. said it will redeem $75 million of its 6 1/8% senior subordinated notes due 2013 on Jan. 10.

The notes will be redeemed at 101.021 plus interest to, but not including, the redemption date. The interest amounts to $6.6354167 per $1,000 of notes, resulting in a total payment of $1,016.8454167 per $1,000 of notes.

U.S. Bank NA is the trustee.

Omnicare is a Covington, Ky.-based pharmaceutical services company.


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