|
|
Article: Medicis Announces Successful Completion of Exchange Offer.
- Article from:
- Business Wire
- Article date:
- August 18, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors/Health/Medical Writers
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 18, 2003
Medicis (NYSE: MRX) announced today that $230.8 million of its $400 million 2.5% Contingent Convertible Senior Notes due 2032, or Old Notes, were exchanged for $283.9 million of its new 1.5% Contingent Convertible Senior Notes due 2033, or New Notes, as reported to the Company by the Exchange Agent and subject to closing on August 19, 2003. The exchanged Old Notes will then be cancelled.
As a result of the exchange, the outstanding principal amount of the Old Notes and the New Notes at the closing of the exchange offer will be $169.2 million and $283.9 ...