NBTY announces debt offering

NBTY announces debt offering

Parent company intends to issue and sell contingent cash pay senior notes in a private placement, in an aggregate principal amount of $500 million.

NBTY Inc. announced that its parent company, Alphabet Holding Company Inc., intends to issue and sell contingent cash pay senior notes in a private placement, in an aggregate principal amount of $500 million, subject to revisions based on market conditions at the time of the offering. Estimated completion of the transaction is expected to be during Holdings' first fiscal quarter. The net proceeds from the offering and cash on hand are expected to be used to pay a cash dividend to shareholders in the amount of approximately $672 million and to pay certain fees, commissions, related expenses and credit agreement amendment consent fees. Consummation of the offering is conditioned upon the effectiveness of the amendment to NBTY's credit agreement that was launched on Oct. 9, 2012, which would allow Holdings to issue and sell such notes.

The notes offered will not be and have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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

 

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