Post by
PROtrading on Dec 06, 2017 2:27pm
Reshorting in the $21s
I love to short the "brilliance" of a flaming dumpster! LOL
New "9.000% senior notes due 2025 (the "Notes"). The aggregate size of the offering reflects an increase of $500,000,000 from the previously announced offering size of $1,000,000,000 to $1,500,000,000. The offering price for the Notes was 98.611%. The offering is expected to close on or about December 18, 2017. Valeant intends to use the net proceeds from this offering, along with cash on hand, to repurchase $1,500,000,000 aggregate principal amount of outstanding notes pursuant to a tender offer announced earlier today, including Valeant Pharmaceuticals International's, a wholly-owned subsidiary of the Company, outstanding 7.000% Senior Notes due 2020 and 6.375% Senior Notes due 2020 and up to $200,000,000 of the Company's outstanding 5.375% Senior Notes due 2020, and to pay related fees and expenses."
Comment by
MrHulot on Dec 08, 2017 1:35pm
How is that short going PRO, LOL