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Catamaran proposes USD500m senior notes offering

Catamaran Corp. (NASDAQ: CTRX) said it has commenced an underwritten public offering of USD500m aggregate principal amount of senior notes due 2021.

Catamaran intends to use the net proceeds from the offering to repay all outstanding indebtedness under its senior secured revolving credit facility and for general corporate purposes. The senior notes will be guaranteed by Catamaran´s subsidiaries that guarantee obligations under its senior secured credit facility.

BofA Merrill Lynch, J.P. Morgan and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering. Barclays, Citigroup and Morgan Stanley are acting as senior co-managers for the offering, and Credit Agricole CIB, Credit Suisse, Fifth Third Securities, Mizuho Securities, PNC Capital Markets LLC and TD Securities are acting as co-managers for the offering.

Catamaran, one of the industry´s fastest-growing pharmacy benefits managers, helps organizations and the communities they serve take control of prescription drug costs.


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