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Biovail Announces Offering of US$275 Million Senior Subordinated Notes Due 2010.


Business Editors & Health/Medical Writers

TORONTO--(BW HealthWire)--March 20, 2002

Biovail Corporation (NYSE NYSE

See: New York Stock Exchange
:BVF)(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
:BVF.) announced today a public offering of US$275 million of senior subordinated notes due 2010. The offering is to be made in the United States and Canada under Biovail's shelf prospectus filed with U.S. and Canadian securities authorities in November 2001. Biovail will use the net proceeds from the offering to repay existing debt and for general corporate purposes.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such jurisdiction.

The Sole Bookrunning Manager is UBS Warburg. The co-lead managers are Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , JPMorgan, Morgan Stanley, Scotia Capital and the co-managers are BMO Nesbitt Burns This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using .
 and RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers
Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
  • Canada: RBC Dominion Securities Inc
. Copies of the U.S. preliminary prospectuses may be obtained from UBS Warburg, at 677 Washington Blvd, Stamford, CT 06901, Attention: High Yield Capital Markets.

Biovail Corporation is an international full-service pharmaceutical company, engaged in the formulation, clinical testing, registration, manufacture, sale and promotion of pharmaceutical products utilizing advanced drug delivery technologies.

"Safe Harbor" statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995.

To the extent any statements made in this release contain information that is not historical, these statements are essentially forward looking and are subject to risks and uncertainties, including the difficulty of predicting FDA FDA
abbr.
Food and Drug Administration


FDA,
n.pr See Food and Drug Administration.

FDA,
n.pr the abbreviation for the Food and Drug Administration.
 approvals, acceptance and demand for new pharmaceutical products, the impact of competitive products and pricing, new product development and launch, reliance on key strategic alliances, availability of raw materials, the regulatory environment, the outcome of litigation, fluctuations in operating results and other risks detailed from time to time in the company's filings with the United States Securities and Exchange Commission.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 20, 2002
Words:318
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