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Alphabet collects needed consents in solicitation for 7¾%/8½% notes
By Susanna Moon
Chicago, Dec. 10 - Alphabet Holding Co., Inc. said it received the needed majority of consents from holders of its 7¾%/8½% contingent cash pay senior notes due 2017 by 10 a.m. ET on Dec. 10 and executed a supplemental indenture to the notes.
The proposed amendments will become operative when the consent fee is paid, which is conditioned on closing of a tack-on private placement of $450 million of notes on Dec. 12, according to a company press release.
The consent solicitation ended at 5 p.m. ET on Dec. 10. The solicitation began on Dec. 2.
The cash consent payment will be $15 per $1,000 principal amount of notes.
Barclays was the solicitation agent (212 528-7581 or 800 438-3242). The information agent was D.F. King & Co, Inc. (800 967-5079 or 212 269-5550 for banks and brokers; nfg@dfking.com).
Alphabet is the parent company to NBTY, a manufacturer, marketer, distributor and retailer of vitamins and nutritional supplements.
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