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Angiotech Pharmaceuticals, Inc. Announces Agreement With Consenting Noteholders To Amend Terms Under The Floating Rate Note Support Agreement

By TechAgreements

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Under the terms of the Sixth Amendment, the Company agreed to amend the FRN Support Agreement to provide that, among other things: (i) the New Floating Rate Notes to be issued in connection with the FRN Exchange Offer would accrue interest subject to a LIBOR floor of 1.25%; (ii) the indenture governing the New Floating Rate Notes would impose restrictions on the Company's ability to apply net...

Full post as published by TechAgreements on February 24, 2011 (boomark / email).

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