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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 3/21/2011 in the Prospect News Canadian Bonds Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Axcan redeems $228 million 9¼% senior notes due 2015 on March 15

By Melissa Kory

Cleveland, March 21 - Axcan Intermediate Holdings Inc. said it redeemed its $228 million of 9¼% senior secured notes due 2015, according to an 8-K filed with the Securities and Exchange Commission.

The notes were redeemed on March 15 for $244.6 million, including $16.6 million in interest.

Axcan is a Mont-Saint-Hilaire, Quebec-based pharmaceutical company focused on the treatment of gastrointestinal disorders.


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