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Axcan Pharma's $275 million eight-year notes to come via Banc of America
By Paul A. Harris
St. Louis, Jan. 24 - Atom Intermediate Holdings, a financing subsidiary of Axcan Pharma Inc., plans to place $275 million of eight-year senior unsecured notes (B-) via Banc of America Securities LLC, according to Isabelle Adjahi, Axcan's director of investor relations.
She added that the deal is expected to come to market in the next few weeks.
The bonds are part of the financing for the buyout of Axcan by TPG Capital. That financing also includes $475 million of senior secured credit facilities.
Axcan is a Mont-Saint-Hilaire, Quebec-based specialty pharmaceutical company focused on gastroenterology, with operations in North America and Europe.
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