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Biovail Corporation
Biovail Announces Offering of Senior Convertible Notes
June 27th, 2009
Biovail Corporation (NYSE/TSX: BVF) announced that it is considering an offering of up to US$200 million aggregate principal amount of its senior convertible notes (the "Notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Biovail expects that the Notes will be unsecured, senior obligations of Biovail and will mature in 2014, unless earlier redeemed, repurchased or converted. The Notes are expected to be convertible into Biovail common shares under certain circumstances. Biovail intends to use the net proceeds from the sale of the Notes for working...
Source: Law & Health Weekly (2009-06-27)
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