BRIEF-Concordia International exercises option to defer portion of earn-out and provides update on strategic review

Mon Oct 3, 2016 7:56am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Oct 3 (Reuters) - CONCORDIA INTERNATIONAL CORP

* Continues to evaluate its strategic alternatives

* Continues to evaluate strategic alternatives including, but not limited to, various capital markets financing options

* Expects payment of about £73.4 million (which includes a financing charge of up to £1.4 million) on or before february 1, 2017

* Concordia International exercises option to defer portion of earn-out and provides update on strategic review

* Expects first payment of £72 million to be paid to cinven,other sellers of concordia's international segment on or about Dec. 19

* Concordia intends to use cash on hand generated by its international segment to make first payment of 72 million GBP Source text for Eikon: Further company coverage: