VANCOUVER, March 18, 2013 /CNW/ - Angiotech Pharmaceuticals, Inc.
("Angiotech") announced that today, Deutsche Bank National Trust
Company (the "Trustee"), issued a notice of redemption on behalf of
Angiotech under the indenture to redeem $16,000,000 in aggregate
principal amount of Angiotech's Senior Secured Floating Rate Notes due
2013 (the "Notes", CUSIP Number 034918AH5). The redemption price for
the Notes is equal to 100% of principal amount of the Notes, together
with accrued and unpaid interest on the principal amount of the Notes
to, but excluding, the redemption date, which is April 17, 2013. As of
the date hereof, there are approximately $60 million in aggregate
principal amount of Notes outstanding.
Forward Looking Statements
Statements contained in this press release that are not based on
historical fact, including without limitation statements containing the
words "believes," "may," "plans," "will," "estimates," "continues,"
"anticipates," "intends," "expects" and similar expressions, constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and constitute
"forward-looking information" within the meaning of applicable
securities laws. All such statements are made pursuant to the "safe
harbor" provisions of applicable securities legislation. For a more
thorough discussion of the risks associated with our business, see the
"Risk Factors" section in our annual report for the year ended December
31, 2011 filed with the SEC on March 29, 2012 on Form 10K and our
quarterly reports for the quarters ended June 30, 2012 and September
30, 2012 filed with the SEC on Form 10-Q on August 14, 2012 and
November 14, 2012, respectively.
Given these uncertainties, assumptions and risk factors, investors are
cautioned not to place undue reliance on such forward-looking
statements. Except as required by law, we disclaim any obligation to
update any such factors or to publicly announce the result of any
revisions to any of the forward-looking statements contained in this
press release to reflect future results, events or developments.
©2013 Angiotech Pharmaceuticals, Inc. All Rights Reserved.
Angiotech develops, manufactures and markets medical device products and
technologies, primarily within the areas of interventional oncology,
wound closure and ophthalmology. Our strategy is to utilize our precision manufacturing capabilities and
our highly targeted sales and marketing capabilities to offer novel or
differentiated medical device products to patients, physicians and
other medical device manufacturers or distributors. For additional
information about Angiotech, please visit our website at www.angiotech.com.
SOURCE: Angiotech Pharmaceuticals, Inc.
For further information:
Investor Relations and Corporate Communications
Angiotech Pharmaceuticals, Inc.