Guarantor and Non-Guarantor Narrative Disclosure

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Guarantor and Non-Guarantor Narrative Disclosure

Guarantor and Non-Guarantor Narrative Disclosure:

Par Pharmaceutical Companies, Inc., the parent company, is the sole issuer of the Notes. The Notes are guaranteed on a senior unsecured basis by Par Pharmaceutical Companies, Inc.’s material direct and indirect wholly-owned domestic subsidiaries. The guarantees are full and unconditional and joint and several. Par Pharmaceutical Companies, Inc. has no independent assets or operations. Each of the subsidiary guarantors is 100% owned by Par Pharmaceutical Companies, Inc. and all its non-guarantor subsidiaries of Par Pharmaceutical Companies, Inc. are minor subsidiaries.