Jazz Pharma raises $850 million through note offering
Jazz Pharmaceuticals (Nasdaq: JAZZ) is to raise $850 million with the pricing of exchangeable senior notes, due 2030.
The company expects to finalize the sale on 6 September, 2024, with an option for buyers to purchase an additional $150 million.
Jazz plans to use the estimated $834 million in net proceeds to pay down existing debt and for general corporate purposes.
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