NBTY, Inc. Announces Closing of Registered Exchange Offer for 9% Senior Notes due 2018

Aug 02, 2011, 17:28 ET from NBTY, Inc.

RONKONKOMA, N.Y., Aug. 2, 2011 /PRNewswire/ -- NBTY, Inc. ("NBTY"), announced today that it has completed its registered exchange offer to exchange up to $650,000,000 aggregate principal amount of its 9% Senior Notes due 2018 (the "Exchange Notes") for an equal principal amount of its outstanding 9% Senior Notes due 2018, which NBTY issued in a private placement (the "Private Notes").

$650,000,000 in aggregate principal amount of Private Notes were exchanged in the exchange offer and were accepted by NBTY, representing 100% of the aggregate principal amount of the Private Notes outstanding.  The exchange offer expired at 5:00 p.m., New York City time, on July 26, 2011.

When it issued the Private Notes, NBTY agreed to file with the Securities and Exchange Commission a registration statement under the Securities Act of 1933, as amended, relating to the exchange offer under which NBTY would offer the Exchange Notes, containing substantially identical terms to the Private Notes, in exchange for Private Notes that are tendered by the holders of those notes.  

Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, but will not retain any rights under the registration rights agreement except in limited circumstances.

This press release does not constitute an offer to sell any securities or a solicitation of an offer to buy any securities.  The exchange offer was made only by means of a written prospectus.

This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to NBTY.  Although NBTY believes these forward-looking statements are reasonable, NBTY cautions readers not to place undue reliance on these statements, which are inherently uncertain.  NBTY cannot guarantee future results, trends, events, levels of activity, performance or achievements, and does not undertake, and specifically declines any obligation to update, republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events, except as required by law.  Consequently, readers should regard all forward-looking statements solely as NBTY's current plans, estimates and beliefs.  

NBTY, Inc. (www.NBTY.com) is the leading vertically integrated manufacturer, marketer, distributor and retailer of high quality vitamins, nutritional supplements and related products in the United States, with operations worldwide.

Michael Collins
NBTY, Inc.
Chief Financial Officer
(631) 200-6200