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Aptalis Pharmaceutical Technologies Announces Intention to Enter Into Senior Secured Term Loan Credit Facility


3/30/2012 9:36:16 AM

BRIDGEWATER, NJ--(Marketwire - March 29, 2012) - Aptalis Pharma Inc. today announced that it will seek to enter into a $200 million Senior Secured Incremental Term Loan B credit facility to fund prepayment of its existing $195 million senior unsecured notes. The facility will have a five year term and include customary terms and covenants.

About Aptalis
Aptalis Pharma® Inc. is a privately held, leading specialty pharmaceutical company providing innovative, effective therapies for unmet medical needs including cystic fibrosis and gastrointestinal disorders. Aptalis has manufacturing and commercial operations in the United States, the European Union and Canada, and its products include ZENPEP®, CANASA®, CARAFATE®, PYLERA®, LACTEOL®, DELURSAN®, PANZYTRAT® and SALOFALK®. Aptalis also formulates and clinically develops enhanced pharmaceutical and biopharmaceutical products for itself and others using its proprietary technology platforms including bioavailability enhancement of poorly soluble drugs, custom release profiles, and taste-masking/orally disintegrating tablet (ODT) formulations. For more information, visit www.aptalispharma.com.

Forward-Looking Statements
This release contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include statements related to the Company's plans to enter into a senior secured credit facility and those which express plan, anticipation, intent, contingency, goals, targets or future development and/or otherwise are not statements of historical fact. The words "expects", "potentially", "anticipates", "could", "calls for", "seek" and similar expressions also identify forward-looking statements. These statements are based upon Aptalis' current expectations and are subject to risks and uncertainties which could cause actual results and developments to differ materially from those expressed or implied in such statements. Factors that could affect actual results and developments include the Company's financial results, other developments in the Company's business, conditions in the debt markets and market conditions generally, the ability to conclude the close the funding facility and any other risks set forth in Aptalis' filings with the SEC, including Aptalis Pharma Inc.'s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, in each case together with all amendments thereto. Investors should evaluate any statement in light of these important factors. Forward-looking statements contained in this press release are made as of this date, and, other than as required by applicable law, Aptalis undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Actual events could differ materially from those anticipated in the forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT:

Steve Gannon
Senior Vice President, Chief Financial Officer and Treasurer
Aptalis Pharma
+1-450-467-5138

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