Patheon to redeem 8 5/8% senior secured notes due 2017 at 103

By Marisa Wong

Madison, Wis., Jan. 10 - Patheon, Inc. said it will redeem its $78,000 of outstanding 8 5/8% senior secured notes due April 15, 2017 in full on Jan. 23.

The notes will be redeemed at a price of 103 plus accrued interest to the redemption date.

Patheon issued $280 million of the notes in April 2010.

The provider of contract development and manufacturing services to the pharmaceutical industry is based in Durham, N.C.

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