Omnicare to redeem $175 million 6 7/8% notes due 2015 on Sept. 23

By Toni Weeks

San Diego, Aug. 25 - Omnicare, Inc. has issued a call to redeem $175 million of its 6 7/8% senior subordinated notes due Dec. 15, 2015, according to an announcement.

The notes will be redeemed on Sept. 23 at a redemption price of 103.438 plus accrued interest of $18.71527778 per note for a total redemption price of $1,053.09527778 per $1,000 principal amount of notes.

Following the redemption, $100 million of the notes will remain outstanding.

The paying agent is U.S. Bank NA (651 973-5800).

Omnicare is a Covington, Ky.-based pharmaceutical services company.

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