PDL BioPharma Announces Retirement of $133.5M of 2.00% Convertible Senior Notes Due February 2012

PDL BioPharma, Inc. PDLI announced today that it has completed the retirement of the remaining $133.5 million in aggregate principal of the Company's 2.00% Convertible Senior Notes, due February 15, 2012, for $133.9 million plus interest of $1.0 million. With the completion of this redemption, no Notes remain outstanding.
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