Medicis gets puts for $283.7 million of 1.5% convertibles

By Jennifer Chiou

New York, June 6 - Medicis Pharmaceutical Corp. received puts from holders of $283.7 million of its 1.5% contingent convertible senior notes due 2033, according to an 8-K filing with the Securities and Exchange Commission.

The put deadline was 5 p.m. ET on June 3.

The company said it accepted for purchase all validly surrendered notes, paying $1,007.50 per $1,000 principal amount at maturity, which represents par plus $7.50 of accrued interest.

About $181,000 principal amount of the notes remain outstanding.

Deutsche Bank Trust Co. Americas is the trustee and paying agent.

Medicis is a pharmaceutical company based in Scottsdale, Ariz.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.