08 Noteholders
AtheroGenics Noteholders Expect Company Will Elect Not to Pay 2008 Notes When Due
Published in Health Business Week, September 19th, 2008
CNH Partners, LLC, Tamalpais Asset Management LP, Tang Capital Partners, LP, and Zazove Associates LLC (the "08 Noteholders"), which collectively hold approximately 96% of the outstanding 4 1/2 % Convertible Notes Due 2008 (the "08 Notes") issued by AtheroGenics, Inc. ("AtheroGenics"), announced that they expect, based on conversations with representatives of AtheroGenics, that AtheroGenics will elect not to repay their debt under the 08 Notes. The 08 Notes mature today, September 2, 2008, and the principal amount of approximately $30.5 million is due and payable. According to AtheroGenic's latest Quarterly Report on Form 10-Q, AtheroGenics had approximately $66.2 million in cash, cash...
Want to see the full article?
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Health Business Week
Source: Health Business Week (2008-09-19)
More Articles from Health Business Week
- 1800mattress.com
Boomers' Sleep Quality can Improve, According to 1800mattress.com - 2008 Republican National Convention
2008 Republican National Convention Announces Tuesday Night's Program of Events - 2008 Republican National Convention
2008 Republican National Convention: Remarks as Prepared for Delivery by U.S. Representative Michele Bachmann - 2008 Republican National Convention
Convention Completes Official Roll Call Proceedings - 2008 Republican National Convention
First Look: New Podium Assembled for John McCain's Acceptance Speech - 365 Main Inc.
365 Main Selects Habitat for Humanity Volunteer as Recipient of ACE Award for Community Service in East Bay - More from this issue of Health Business Week
NewsRx is Social
Follow us on your favorite social network by clicking on a button below:
Top Medical Newsletters
Awards
Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005
Facts & Stats
NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.
- Google 2010 PageRank: #2 Among Top Health News and Media Publications
- Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
- Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
- Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry
