Elan announces completion of $1.15bn offering
Elan has announced that its wholly-owned subsidiaries, Elan Finance public limited company and Elan Finance Corporation, have completed the previously announced offering of $1.15bn (€880m) aggregate principal amount of senior notes.
Commenting on the completion of the offering, Shane Cooke, executive vice president and chief financial officer of Elan said: "We are delighted with the overwhelming interest we have seen in this offering and have taken the opportunity to increase the size of the deal and broaden our investor base.
"As we continue to develop our business, we will focus on building on our strong relationships with our expanding base of equity and debt holders. We are pleased that the credit rating agencies have confirmed the upgrade to our credit ratings as a result of this financing.
"With this offering completed, we can now focus all of our energies on executing the launch of Antegren."
