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Pharmaq exercises call on senior secured floating-rate bonds due 2019
By Tali Rackner
Norfolk, Va., Nov. 10 – Pharmaq Holding AS plans to exercise the call option on its senior secured callable floating-rate bonds due 2019, according to a notice from bond trustee Nordic Trustee ASA.
The bonds will be redeemed at 104.245 plus accrued interest on Nov. 16.
On Nov. 3, the company said it expected to redeem the bonds as soon as possible after Salar TopCo AS reached an agreement to sell all of the outstanding shares of Pharmaq to Zoetis Inc.
Based in Norway, Pharmaq is a maker of vaccines and health products for aquaculture.
Zoetis is an animal health subsidiary of Pfizer Inc., based in New York City.
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