Bergen Brunswig to Sell Notes, Pay Debt
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ORANGE — Taking advantage of a shelf registration it filed last month, Bergen Brunswig Corp. said Friday that it will issue $250 million in notes to pay off old debt. The Orange-based drug wholesaler said it will sell $100 million in three-year senior notes with a 5.625% interest rate. It also will sell $150 million in 10-year senior notes that pay a 7.375% interest rate. The notes, underwritten by Merrill Lynch & Co., will be sold as part of a $400-million shelf registration filed by the company Dec. 1.
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