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| Home : Amarin Announces Agreement to Purchase $16.2 Million of Its Existing Exchangeable Notes and Pricing of $31.3 Million of New Exchangeable Notes |
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Nov 21
2015 |
Amarin Announces Agreement to Purchase $16.2 Million of Its Existing Exchangeable Notes and Pricing of $31.3 Million of New Exchangeable Notes |
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BEDMINSTER, NJ and DUBLIN, IRELAND--(Marketwired - November 20, 2015) - Amarin Corporation plc (NASDAQ: AMRN) ("Amarin") announced today that it and its wholly owned subsidiary, Corsicanto Limited, a private limited company incorporated under the laws of Ireland (the "Issuer"), have entered into separate, privately negotiated purchase agreements with certain holders of the Issuer's outstanding 3.50% Exchangeable Senior Notes due 2032 issued on January 9, 2012 (the "2012 Notes") pursuant to which Amarin will purchase (the "2012 Notes Purchase") approximately $16.2 million in aggregate principal amount of the 2012 Notes for $15.9 million, which reflects a discount from the par amount of such 2012 Notes and includes accrued but unpaid interest on such 2012 Notes to, but not including, the anticipated closing date of the 2012 Notes Purchase. Following the closing of the 2012 Notes Purchase, the Issuer will have approximately $15.1 million in aggregate principal amount of 2012 Notes outstanding. |
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| Source:http://www.marketwired.com/mw/release.do?id=2075801&sourceType=3 |
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