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Abbott Announces Results For Any And All Debt Tender Offers

Stocks in this article: ABT

ABBOTT PARK, Ill., Nov. 13, 2012 /PRNewswire/ -- Abbott (NYSE: ABT) announced today the results of its previously pending offers to purchase for cash any and all of its outstanding 4.35% Notes due March 2014 (the "2014 Notes"), 2.70% Notes due May 2015 (the "2015 Notes"), 5.875% Notes due May 2016 (the "2016 Notes") and 5.60% Notes due November 2017 (the "2017 Notes" and, collectively with the 2014 Notes, the 2015 Notes and the 2016 Notes, the "Any and All Notes," and such offers, the "Any and All Offers"). As of the expiration of the Any and All Offers at 11:59 p.m. on Nov. 9, 2012 (such date and time, the "Any and All Expiration Date"), $159,864,000 principal amount of the 2014 Notes, $379,845,000 principal amount of the 2015 Notes, $811,036,000 principal amount of the 2016 Notes and $624,765,000 principal amount of the 2017 Notes have been validly tendered and not validly withdrawn in the Any and All Offers.

Subject to the terms and conditions of the Any and All Offers, Abbott expects that later today it will accept for purchase and pay for all Any and All Notes validly tendered and not validly withdrawn. On Nov. 9, 2012, Abbott called for redemption all of the Any and All Notes that will remain outstanding following the completion of the Any and All Offers, in accordance with the terms of the Indenture.

Abbott's previously announced offers to purchase for cash up to an aggregate principal amount of $944,000,000 of its 5.125% Notes due April 2019 (the "2019 Notes"), $472,000,000 of its 4.125% Notes due May 2020 (the "2020 Notes"), $472,000,000 of its 6.15% Notes due November 2037 (the "2037 Notes"), $485,000,000 of its 6.00% Notes due April 2039 (the "2039 Notes") and $590,000,000 of its 5.300% Notes due May 2040 (the "2040 Notes" and, collectively with the 2019 Notes, the 2020 Notes, the 2037 Notes and the 2039 Notes, the "Partial Offer Notes," and such offers, the "Partial Offers") remain pending and are scheduled to expire at 11:59 p.m. on Nov. 26, 2012. The Partial Offer Notes, collectively with the Any and All Notes, are referred to as "Notes." The Any and All Offers and the Partial Offers are collectively referred to as the "Tender Offers."

The Tender Offers are being made pursuant to an Offer to Purchase, dated Oct. 26, 2012 (the "Offer to Purchase") and related Letter of Transmittal, dated Oct. 26, 2012 (the "Letter of Transmittal"), which set forth a description of the terms of the Tender Offers. This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Tender Offers are being made solely pursuant to terms and conditions set forth in the Offer to Purchase and the Letter of Transmittal.

About Abbott

Abbott is a global, broad-based health care company devoted to the discovery, development, manufacturing and marketing of pharmaceuticals and medical products, including nutritionals, devices and diagnostics. The company employs approximately 91,000 people and markets its products in more than 130 countries.

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