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EXXI, VIP, MDCO Stock-PR Stock Headlines September 4, 2009

Source: http://stock-pr.com/?p=1127
Posted on Friday, September 4th, 2009 | In Small & Micro Cap
Contributed by: stock-pr (http://stock-pr.com) -

Energy XXI (Bermuda) Limited (EXXI) Gulf Coast, Inc. (the “Company”) today September 4, 2009 announced it has commenced an exchange offer and consent solicitation in respect of its 10% Senior Notes due 2013 (the “Senior Notes”).

The Company has commenced an offer to exchange up to $360 million principal amount outstanding Senior Notes properly tendered (and not validly withdrawn) and accepted by the Company for its newly issued 16% Second Lien Junior Secured Notes due 2014 (the “Second Lien Notes”), subject to proration and reduction to $311 million principal amount of Senior Notes, depending on the aggregate principal amount of Second Lien Notes sold in a concurrent private placement.

About Energy XXI

Energy XXI is a Houston-based independent energy company engaged in the acquisition, development, exploration and production of oil and natural gas reserves in the U.S. Gulf Coast and the Gulf of Mexico. The Company an indirect wholly owned subsidiary of the Parent, Energy XXI, Inc. (Bermuda) Limited. For more information, visit www.energyXXI.com.

VimpelCom Signs 10 Billion Ruble Credit Agreement With Sberbank

Open Joint Stock Company “Vimpel-Communications” (”VimpelCom” or the “Company”) (NYSE: VIP), the leading provider of telecommunications services in Russia and the Commonwealth of Independent States (CIS), today September 4, 2009 announced that it has signed a credit line agreement with Sberbank in the amount of RUR 10 billion.

The loan with Sberbank bears interest at a rate of 15% per annum and to be repaid in two equal installments in August 2012 and in April 2013.

The VimpelCom Group consists of telecommunications operators providing voice and data services through a range of mobile, fixed and broadband technologies. The Group includes companies operating in Russia, Kazakhstan, Ukraine, Uzbekistan, Tajikistan, Georgia, Armenia, as well as Vietnam and Cambodia, in territories with a total population of about 340 million. VimpelCom was the first Russian company to list its shares on the New York Stock Exchange (”NYSE”).

 

The Medicines Company Receives Paragraph IV Notifications

The Medicines Company (NASDAQ: MDCO) today September 4, 2009 announced that it has received Paragraph IV Certification notice letters from Teva Parenteral Medicines, Inc. (TPM) and Pliva Hrvatska, d.o.o. (Pliva) notifying the Company that TPM and Pliva have submitted Abbreviated New Drug Applications (ANDAs) to the U.S. Food and Drug Administration (FDA) for approval to market generic versions of Angiomax. The Certification notice letters relate to U.S. patent No. 7,582,727, the recently issued product patent.

About The Medicines Company

The Medicines Company (NASDAQ: MDCO) is focused on advancing the treatment of critical care patients through the delivery of innovative, cost-effective medicines to the worldwide hospital marketplace. The Company markets Angiomax® (bivalirudin) in the United States and other countries for use in patients undergoing coronary angioplasty, and Cleviprex® (clevidipine butyrate) injectable emulsion in the United States for the reduction of blood pressure when oral therapy is not feasible or not desirable. The Company also has two products in late stage development: cangrelor, an investigational antiplatelet agent, and oritavancin, a semi-synthetic lipoglycopeptide antibiotic. The Company’s pipeline also includes a serine protease inhibitor, CU2010, in early-stage development. The Medicines Company’s website is www.themedicinescompany.com.

 

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