Endo International details senior secured note private offering

Endo International has agreed that a $300 million aggregate principal amount of 5.875 percent senior secured notes which will be due in 2024 at the price of $1,000 for each $1,000 principal amount, as related to its prior announcement of private offering.

The transaction will take place on behalf of Endo Designated Activity Co., Endo Finance LLC and Endo Finco Inc., which are wholly owned subsidiaries of Endo International. The profits will be added to $3.4 billion worth of borrowing and will be used to pay overdue loans, fees related to current credit facilities and other expenses.

The notes will have a guarantee from Endo and subsidiaries of the company and are to be granted only to institutional buyers based on Rule 144A, and to those outside of the U.S., to be in compliance with Regulation S based on the Securities Act.