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This excerpt taken from the ELN 6-K filed Aug 28, 2009. Floating
Rate Notes due 2013
The outstanding principal amount of the senior floating rate
notes due in 2013 (Floating Rate Notes due 2013) was
$150.0 million at 30 June 2009 (31 December 2008:
$150.0 million), and has been recorded net of unamortised
financing costs of $2.1 million (31 December 2008:
$2.3 million). These notes bear interest at a rate,
adjusted quarterly, equal to the three-month LIBOR plus 4.125%.
Table of Contents
Our accrued and other liabilities at 30 June 2009 and
31 December 2008 consisted of the following:
In December 2008, we exercised our option to pay a
$50.0 million milestone to Biogen Idec in order to maintain
our percentage share of Tysabri at approximately 50% for
annual global in-market net sales of Tysabri that are in
excess of $1.1 billion. This $50.0 million payment was
made in January 2009 and was included in intangible assets and
accrued other liabilities on our Consolidated Balance Sheet at
31 December 2008.
We are involved in legal and administrative proceedings that
could have a material adverse effect on us.
This excerpt taken from the ELN 6-K filed Mar 30, 2009. Floating
Rate Notes due 2013
In November 2006, we also completed the offering and sale of
$150.0 million in aggregate principal amount of Floating
Rate Notes due 2013, also issued by Elan Finance. The Floating
Rate Notes due 2013 bear interest at a rate, adjusted quarterly,
equal to the three-month LIBOR plus 4.125%. Elan Corporation,
plc, and certain of our subsidiaries have guaranteed the
Floating Rate Notes due 2013. We may redeem the Floating Rate
Notes due 2013, in whole or in part, at an initial redemption
price of 102% of their principal amount, which decreases to par
over time, plus accrued and unpaid interest.
Interest is paid in cash quarterly. Interest charged and finance
costs amortised in the year ending 31 December 2008
amounted to $11.5 million (2007: $14.8 million). At
31 December 2008, interest accrued was $0.8 million
(2007: $1.1 million).
The outstanding principal amount of the Floating Rate Notes due
2013 was $150.0 million at 31 December 2008 (2007:
$150.0 million), and has been recorded net unamortised
financing costs of $2.3 million (2007: $2.6 million).
For additional information related to interest expense on our
debt, refer to Note 6.
This excerpt taken from the ELN 20-F filed Feb 26, 2009. Floating
Rate Notes due 2013
In November 2006, we also completed the offering and sale of
$150.0 million in aggregate principal amount of senior
floating rate notes due December 1, 2013 (Floating Rate
Notes due 2013), also issued by Elan Finance plc. The Floating
Rate Notes due 2013 bear interest at a rate, adjusted quarterly,
equal to the three-month LIBOR plus 4.125%. Elan Corporation,
plc and certain of our subsidiaries have guaranteed the Floating
Rate Notes due 2013. We may redeem the Floating Rate Notes due
2013, in whole or in part, beginning on December 1, 2008 at
an initial redemption price of 102% of their principal amount,
which decreases to par over time, plus accrued and unpaid
interest. Interest is paid in cash quarterly. For additional
information, refer to Note 31.
For additional information related to interest expense on our
debts, refer to Note 6.
This excerpt taken from the ELN 6-K filed Mar 31, 2008. Floating
Rate Notes due 2013
In November 2006, we also completed the offering and sale of
$150.0 million in aggregate principal amount of Floating
Rate Notes due 2013, also issued by Elan Finance. The Floating
Rate Notes due 2013 bear interest at a rate, adjusted quarterly,
equal to the three-month LIBOR plus 4.125%. Elan Corporation,
plc, and certain of our subsidiaries have guaranteed the
Floating Rate Notes due 2013.
At any time prior to 1 December 2008, we may redeem the
Floating Rate Notes due 2013, in whole, but not in part, at a
price equal to 100% of their principal amount, plus a make-whole
redemption premium and accrued but unpaid interest. We may
redeem the Floating Rate Notes due 2013, in whole or in part,
beginning on 1 December 2008 at an initial redemption price
of 102% of their principal amount, which decreases to par over
time, plus accrued and unpaid interest. In addition, at any time
after 23 February 2008 and on or prior to 1 December
2008, we may redeem up to 35% of the Floating Rate Notes due
2013 using the proceeds of certain equity offerings at a
redemption price of 100% of the principal amount plus a premium
equal to the interest rate per annum on the Floating Rate Notes
due 2013, plus accrued and unpaid interest thereon.
Elan Corporation, plc 2007 Annual
Report 117
Table of Contents
Interest is paid in cash quarterly. Interest charged and finance
costs amortised in the year ending 31 December 2007
amounted to $14.8 million (2006: $1.6 million). At
31 December 2007, interest accrued was $1.1 million
(2006: $1.5 million).
The outstanding principal amount of the Floating Rate Notes due
2013 was $150.0 million at 31 December 2007 (2006:
$150.0 million), and has been recorded net of unamortised
financing costs of $2.6 million (2006: $3.0 million).
For additional information related to interest expense on our
debts, refer to Note 8.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Floating
Rate Notes due 2013
In November 2006, we also completed the offering and sale of
$150.0 million in aggregate principal amount of senior
floating rate notes due December 1, 2013 (Floating Rate
Notes due 2013), also issued by Elan Finance plc. The Floating
Rate Notes due 2013 bear interest at a rate, adjusted quarterly,
equal to the three-month LIBOR plus 4.125%. Elan Corporation,
plc and certain of our subsidiaries have guaranteed the Floating
Rate Notes due 2013.
At any time prior to December 1, 2008, we may redeem the
Floating Rate Notes due 2013, in whole, but not in part, at a
price equal to 100% of their principal amount, plus a make-whole
redemption premium and accrued but unpaid interest. We may
redeem the Floating Rate Notes due 2013, in whole or in part,
beginning on December 1, 2008 at an initial redemption
price of 102% of their principal amount, which decreases to par
over time, plus accrued and unpaid interest. In addition, at any
time after February 23, 2008 and on or prior to
December 1, 2008, we may redeem up to 35% of the Floating
Rate Notes due 2013 using the proceeds of certain equity
offerings at a redemption price of 100% of the principal amount
plus a premium equal to the interest rate per annum on the
Floating Rate Notes due 2013, plus accrued and unpaid interest
thereon. Interest is paid in cash semi-annually. For additional
information, refer to Note 31.
For additional information related to interest expense on our
debts, refer to Note 6.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. Floating
Rate Notes due 2013
In November 2006, we also completed the offering and sale of
$150.0 million in aggregate principal amount of Floating
Rate Notes due 2013, also issued by Elan Finance. The Floating
Rate Notes due 2013 bear interest at a rate, adjusted quarterly,
equal to the three-month LIBOR plus 4.125%. Elan Corporation,
plc, and certain of our subsidiaries have guaranteed the
Floating Rate Notes due 2013.
At any time prior to 1 December 2008, we may redeem the
Floating Rate Notes due 2013, in whole, but not in part, at a
price equal to 100% of their principal amount plus a make-whole
premium, plus accrued and unpaid interest. We may redeem the
Floating Rate Notes due 2013, in whole or in part, beginning on
1 December 2008 at an initial redemption price of 102% of
their principal amount, which decreases to par over time, plus
accrued and unpaid interest. In addition, at any time after
23 February 2008 and on or prior to 1 December 2008,
we may redeem up to 35% of the Floating Rate Notes due 2013
using the proceeds of certain equity offerings at a redemption
price of 100% of the principal amount plus a premium equal to
the interest rate per annum on the Floating Rate Notes due 2013,
plus accrued and unpaid interest thereon.
Interest is paid in cash quarterly. Interest charged and finance
costs amortised in the year ending 31 December 2006
amounted to $1.6 million (2005: $Nil). At 31 December
2006, interest accrued was $1.5 million (2005: $Nil).
The outstanding principal amount of the Floating Rate Notes due
2013 was $150.0 million at 31 December 2006 (2005:
$Nil), and has been recorded net of unamortised financing costs
of $3.0 million (2005: $Nil).
For additional information related to interest expense on our
debts, refer to Note 7.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Floating
Rate Notes due 2013
In November 2006, we also completed the offering and sale of
$150.0 million in aggregate principal amount of Floating
Rate Notes due December 1, 2013, also issued by Elan
Finance, plc. The Floating Rate Notes bear interest at a rate,
adjusted quarterly, equal to the three-month LIBOR plus 4.125%.
Elan Corporation, plc, and certain of our subsidiaries have
guaranteed the Floating Rate Notes.
Table of Contents
Elan
Corporation, plc
NOTES TO
THE CONSOLIDATED
FINANCIAL STATEMENTS — (Continued)
At any time prior to December 1, 2008, we may redeem the
Floating Rate Notes, in whole, but not in part, at a price equal
to 100% of their principal amount, plus a make-whole premium and
accrued but unpaid interest. We may redeem the Floating Rate
Notes, in whole or in part, beginning on December 1, 2008
at an initial redemption price of 102% of their principal
amount, which decreases to par over time, plus accrued and
unpaid interest. In addition, at any time after
February 23, 2008 and on or prior to December 1, 2008,
we may redeem up to 35% of the Floating Rate Notes using the
proceeds of certain equity offerings at a redemption price of
100% of the principal amount plus a premium equal to the
interest rate per annum on the Floating Rate Notes, plus accrued
and unpaid interest thereon. Interest is paid in cash
semi-annually.
For additional information related to interest expense on our
debts, refer to Note 6.
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