Millipore reports redemption completion of outstanding 3.75% Convertible Senior Notes Due 2026
December 3rd, 2011Millipore Corporation, the Life Science business of Merck KGaA of Germany, that operates as EMD Millipore in the U.S. and Canada, today announced that all its remaining outstanding 3.75% Convertible Senior Notes Due 2026 (the “Notes”) were redeemed on December 1, 2011, at one hundred percent (100%) of the outstanding principle amount of the Notes.
Most of the Notes were already converted by its holders between June and August 2010 in connection with certain conversion rights resulting from the acquisition of Millipore Corporation by Merck KGaA, and only a principal amount of US$ 27.2 million of the originally issued notes in the principal amount of US$ 550 million remained outstanding upon the call for redemption as of December 1, 2011. All remaining outstanding Notes have now been redeemed.
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