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Jazz sells $500mm of its 1.50% senior notes

Executive Summary

Jazz Pharmaceuticals PLC (neurology and hematology/oncology therapies) sold $500mm of its 1.50% senior notes to qualified institutional investors. The notes mature on August 15, 2024 and convert to common at a rate of 4.5659 shares per $1k principal amount, or $219.02 per share. (The market average was $147.77 at the time of the transaction.) Proceeds will be used to repay existing debt and support general business activities.
Deal Industry
  • Pharmaceuticals
    • Drug Delivery
      • Nasal
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Nonconvertible Debt

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