Elan Corporation, plc (ELN) Message Board

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Biotech / Medical : Elan Corporation, plc (ELN)

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To: biostruggle who wrote (3433)	10/22/2002 3:14:40 PM
From: biostruggle	of 10345

More disclosure on QSPE from circular issued by Elan today. "The agreement governing Elan’s guarantee of the Series B Guaranteed Notes and the Series C Guaranteed Notes contains covenants which impose certain limitations on the ability of Elan and its subsidiaries to engage in transactions with affiliates, consolidate with or merge with or into any other entity, dispose of all or substantially all of its properties and assets, incur liens, incur additional indebtedness and engage in asset sales. In addition, the agreement requires Elan to maintain a specified net worth."

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