Alere Inc. Announces Pricing of Senior Subordinated Notes Offering
WALTHAM, Mass., May 13, 2013
WALTHAM, Mass., May 13, 2013 /PRNewswire/ --Alere Inc. (NYSE: ALR) (the
"Company") announced today that, in connection with its previously announced
private placement of $425 million of senior subordinated notes due 2020, it
entered into a purchase agreement with the initial purchasers of the notes on
May 13, 2013. The notes have a coupon of 6.500% per annum and are being
offered at par. The Company expects to complete the offering on or about May
24, 2013 and intends to use the net proceeds from the offering to repurchase
any and all of its outstanding $400 million aggregate principal amount of
9.00% Senior Subordinated Notes due 2016 (the "9% Notes"), to redeem any 9%
Notes not repurchased pursuant to the tender offer, to pay related tender,
consent solicitation or redemption fees, premiums, costs and expenses and
accrued interest on the 9% Notes, and to pay costs and expenses related to the
The notes are being offered only to qualified institutional buyers in reliance
on Rule 144A under the Securities Act of 1933, as amended (the "Securities
Act"), and outside the United States in reliance on Regulation S under the
Securities Act. The notes are not being registered under the Securities Act.
Unless so registered, the notes may not be offered or sold in the United
States except pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act and applicable state
securities laws. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy the notes, nor shall there be any sale of
the notes in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of
the federal securities laws, including statements regarding the expected
timing of the completion of the offering and the intended use of proceeds.
These statements reflect the Company's current views with respect to future
events and are based on management's current assumptions and information
currently available. Actual results may differ materially due to numerous
factors including, without limitation, risks associated with market and
economic conditions and the satisfaction of applicable closing conditions. The
Company undertakes no obligation to update any forward-looking statements
SOURCE Alere Inc.
Contact: Doug Guarino, Director of Corporate Relations, 781 647 3900
Press spacebar to pause and continue. Press esc to stop.