JLL/Delta Dutch Newco B.V. Announces Offering of $500 Million Senior Notes due 2022

JLL/Delta Dutch Newco B.V. Announces Offering of $500 Million Senior Notes due
                                     2022

Offering will finance in part acquisition of Patheon Inc. and DPP
Pharmaceuticals Business of DSM

PR Newswire

NEW YORK, Jan. 16, 2014

NEW YORK, Jan. 16, 2014 /PRNewswire/ --JLL/Delta Dutch Newco B.V. (the
"Company") announced today the commencement of a private offering of $500
million aggregate principal amount of its Senior Notes due 2022 (the "Notes").
The Company intends to use the net proceeds from the offering of the Notes as
part of its financing for its previously-announced transactions pursuant to
which the Company has agreed to acquire the outstanding equity securities of
Patheon Inc. (TSX: PTI) and the pharmaceutical products business of
Koninklijke DSM N.V. (the "Acquisitions"). It is expected that the proceeds of
the offering will be deposited in escrow subject to the completion of the
Acquisitions and satisfaction other customary conditions. Upon consummation of
the Acquisitions, the Notes will be guaranteed, jointly and severally, by the
Company's existing and future subsidiaries that are guarantors under the
Company's senior secured credit facilities that will be entered into in
connection with the financing of the Acquisitions.

The offering of the Notes will be made in a private transaction in reliance
upon an exemption from the registration requirements of the Securities Act of
1933, as amended (the "Securities Act"), in the United States only to
investors who are "qualified institutional buyers," as that term is defined in
Rule 144A under the Securities Act, or outside the United States pursuant to
Regulation S under the Securities Act. The Notes have not been registered
under the Securities Act or the securities laws of any other jurisdiction and
may not be offered or sold in the United States without registration or an
applicable exemption from registration requirements.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of any of the Notes in any
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
jurisdiction.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.



SOURCE JLL/Delta Dutch Newco B.V.

Contact: Jayme Owen, +1-919-334-3779, jayme.owen@fleishman.com
 
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