Concordia International completes US$350 million private placement offering of Senior Secured First Lien Notes

On October 13, 2016, Concordia International Corp. (“Concordia”) completed a private placement offering in the United States and Canada (the “Offering”) of US$350 million aggregate principal amount of Senior Secured First Lien Notes (the “Notes”). The Notes mature in 5 ½ years, bear an interest rate of 9.00 percent per annum and were issued at 100.00 percent of their face value. The initial purchaser under Offering was Goldman, Sachs & Co. Concordia intends to use the net proceeds from the Offering for general corporate purposes, including funding of pipeline products and funding small regional product acquisitions. Fasken Martineau acted as Canadian counsel to Concordia in respect of the Offering with a team that included Jon Holmstrom and Louise Kennedy (banking), John Sabetti and Rubin Rapuch (securities), and Mitchell Thaw (tax).