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Alere Inc. Announces Early Results Of Its Tender Offer And Consent Solicitation For Any And All Of Its 7.875% Senior Notes Due 2016

Stocks in this article: ALR

WALTHAM, Mass., Dec. 11, 2012 /PRNewswire/ -- Alere Inc. (NYSE: ALR) (the "Company") announced today the early results of its previously announced cash tender offer and consent solicitation with respect to its outstanding $250.0 million aggregate principal amount of 7.875% Senior Notes due 2016 (the "Notes") (CUSIP No: 46126P AG1).

As of 5:00 p.m., New York City time, on December 10, 2012 (the "Consent Payment Deadline"), the tender agent had received valid tenders and related consents from holders ("Holders") of $248,145,000 of the outstanding aggregate principal amount of Notes, or approximately 99.3% of such Notes, all of which have been accepted for purchase.  The consents received exceeded the number needed to approve the proposed amendments to the indenture dated as of August 11, 2009 among the Company, The Bank of New York Mellon Trust Company, N.A. (the "Trustee") and certain guarantors named therein (as amended, supplemented or otherwise modified prior to the date hereof, the "Indenture"), under which the Notes were issued.

The tender offer is subject to the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated November 27, 2012 (the "Offer to Purchase").  The tender offer will expire at 11:59 p.m., New York City time, on December 26, 2012 unless extended or earlier terminated (such time and date, as the same may be extended, the "Expiration Date").

The parties to the Indenture have executed a fourteenth supplemental indenture (the "Fourteenth Supplemental Indenture") to the Indenture, which, among other modifications, has eliminated substantially all of the restrictive covenants and certain events of default applicable to the Notes.

Holders who tendered their Notes and thereby provided their consents to the proposed amendments to the Indenture on or before the Consent Payment Deadline will receive the Total Consideration (as defined below).  Holders of Notes who tendered or tender their Notes after the Consent Payment Deadline and on or before the Expiration Date will only receive the Tender Offer Consideration (as defined below).

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