Warner Chilcott is paying an $8.50 Divided anyway to play this? maybe with options?? Seems like there has to be a way ARDEE, Ireland, July 30, 2010 /PRNewswire via COMTEX/ -- Warner Chilcott plc /quotes/comstock/15*!wcrx/quotes/nls/wcrx (WCRX 28.96, +0.70, +2.48%) today announced a recapitalization pursuant to which it intends to incur, subject to market and other conditions, $2.25 billion of new debt to fund a special dividend to Warner Chilcott's ordinary shareholders of $8.50 per share, or approximately $2.15 billion in the aggregate. The new debt is expected to be comprised of a combination of senior secured term loans and additional unsecured debt. The declaration of the special cash dividend is conditioned on the amendment of the Company's existing senior secured credit facilities to permit, among other things, the incurrence of the additional indebtedness needed to fund the special cash dividend. Warner Chilcott intends to declare the special cash dividend upon the successful amendment of the existing credit facilities and after obtaining debt financing under acceptable terms. The Company currently expects to declare and pay the special cash dividend before the end of the third quarter of 2010.