Biovail Corporation Calls for Redemption All Outstanding Senior Subordinated Notes Due 2010

TORONTO--(BUSINESS WIRE)--Biovail Corporation (NYSE:BVF)(TSX:BVF) today announced that it has called for redemption all of its outstanding 7-7/8% Senior Subordinated Notes issued in 2002 and due April 1, 2010 (CUSIP No. 09067JAB5). The Notes will be redeemed at a redemption price of 101.969% of the principal amount thereof, plus accrued interest, up to the redemption date of April 1, 2007.