Endo Health Solutions announced that Endo Finance Co. , its wholly- owned subsidiary, intends to offer, subject to market and customary conditions, $375 million aggregate principal amount of senior unsecured notes. In a release, the Company said that it intends to use the net proceeds from the proposed offering, together with borrowings under the term loan portion of a new senior secured credit facility, to refinance Endo's existing senior secured credit facility, to pay acquisition related fees and expenses and for general corporate purposes, which may include strategic acquisitions. Upon closing the acquisition of Paladin Labs , Endo Finance said that it will merge with and into a subsidiary of the holding company which will own Endo and Paladin following the acquisition ("New Endo"), with such subsidiary continuing as the surviving entity and assuming all of Endo Finance's obligations under the notes, and the notes will be guaranteed by certain of New Endo's subsidiaries. Should the acquisition not close, Endo Finance will merge into Endo , and Endo will assume the notes, at which time the notes will be guaranteed by certain of Endo's subsidiaries. The notes and the related guarantees have not been and will not be registered under the Securities Act of 1933, as amended, or any applicable state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A, and outside the United States in compliance with Regulation S under the Securities Act. Unless so registered, the notes and the related guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. ((Comments on this story may be sent to firstname.lastname@example.org ))
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