Concordia Healthcare Corp. T.CXR.R

Will CXR Notes Offering Be Sold By Tomorrow.....?

[Register123]

From CXR news released dated October 6:

OAKVILLE, ON, Oct. 6, 2016 /CNW/ - 

Concordia International Corp.......today announced the pricing of its previously disclosed offering (the "Offering") of 5 ½ year Senior Secured First Lien Notes (the "Notes").

The Senior Notes will bear an interest rate of 9.00 per cent per annum and will be issued at 100.00 per cent of their face value. The principal amount of the Notes is US$350 million.

The Offering is expected to close on or about October 13, 2016, subject to satisfaction of customary closing conditions

[FullReversal]

It's private.  Bankster in charge decides who they are friends with and who can take over this company with these "front of the line" tickets called "Senior First Lien Notes".  Watch what happens to everyone else, especially shareholders. Bondholders can risk getting more than just 70 cents on the dollar but with all other investments out there,why would you take