Business
Doc re. Bond Guarantor Group
Doc re. Bond Guarantor Group.
About this update from Hikma Pharmaceuticals Plc
[{"type":"text","content":"\n \nRNS Number : 4851X Hikma Pharmaceuticals Plc 06 May 2016 \n\n6 May 2016\n NOTICE OF ACCESSION OF GUARANTORS \nHikma Pharmaceuticals Public Limited Company(the \"Issuer\")\n \nNotice to the holders of the outstanding\nU.S.$500,000,000 4.25 per cent. Guaranteed Notes due 2020 (ISIN: XS1213834978)\n(the \"Notes\")\n \nThe Issuer refers to (i) the terms and conditions of the Notes (the \"Conditions\") set out in the prospectus dated 8 April 2015 relating to the Notes and (ii) a deed of guarantee dated 10 April 2015 between the Issuer and Arab Pharmaceutical Manufacturing PSC, Eurohealth (USA), Inc., Hikma Farmacêutica (Portugal) S.A., Hikma Pharmaceuticals LLC and West-Ward Pharmaceutical Corp. (together, the \"Original Guarantors\") in favour of the Holders and the Relevant Account Holders (each as defined therein) (the \"Deed of Guarantee\").\nCapitalised terms used in this Notice and not defined herein shall have the meanings set out in the Conditions and the Deed of Guarantee.\nNOTICE IS HEREBY GIVEN that, pursuant to and in compliance with the provisions of Condition 5.7 (Guarantor Group) and the Deed of Guarantee, as of 29 April 2016 each of the subsidiaries of the Issuer listed in the Schedule to this Notice has, in each case, pursuant to an accession deed of guarantee dated 29 April 2016 (each an \"Accession Deed of Guarantee\") and an accession deed of covenant dated 29 April 2016, become a Guarantor and agreed to:\n(i) perform and observe all the obligations expressed to be undertaken by a Guarantor under the Conditions, the Deed of Guarantee, a deed of covenant between the Issuer and the Original Guarantors dated 10 April 2015 (the \"Deed of Covenant\") and a fiscal agency agreement between, among others, the Issuer, the Original Guarantors and Citbank, N.A. London Branch dated 10 April 2015 (\"the Fiscal Agency Agreement\"), and each agrees that it shall be bound by the Conditions, the Deed of Guarantee, the Deed of Covenant and the Fiscal Agency Agreement in all respects as if it had been an original party thereto; and\n(ii) jointly and severally with all the Original Guarantors, unconditionally and irrevocably guarantee the payment ...