Catalent Announces Launch of Private Offering of $450 Million of Senior Unsecured Notes Due 2026
The Operating Subsidiary intends to use the net proceeds from the Private Offering to fund, in part, the purchase price of the previously announced pending acquisition (the “Acquisition”) of
The Notes will be guaranteed by all of the wholly owned
The Notes will be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to certain non-
The Notes have not been and will not be registered under the Securities Act or applicable state securities laws and may not be offered or sold in
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes or any other securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation, or sale is unlawful.
The Operating Subsidiary is also seeking, concurrently with the Private Offering, to amend the credit agreement governing its senior secured credit facilities to reduce the applicable margins and extend the maturities by three years of its term loans and revolving credit facility (the “Amendment”). The closing of each of the Private Offering and the Acquisition is not conditioned upon the consummation of the Amendment and there can be no assurance that the Operating Subsidiary will be able to obtain any reduction to the applicable margins or extension of maturities. There can be no assurance that the Operating Subsidiary will consummate either of the Private Offering or the Amendment on favorable terms or at all.
About
Forward-Looking Statements
This release contains both historical and forward-looking statements, including concerning the closing of the agreement to purchase
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