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Acorda Therapeutics (NASDAQ:ACOR) has entered into agreements with a limited number of institutional investors who are holders of Company’s 1.75% Convertible Senior Notes due 2021 (the “Existing Convertible Notes”) to exchange $276M of Existing Convertible Notes for a combination of newly issued 6.00% Convertible Senior Secured Notes due 2024 (the “New Convertible Secured Notes”) and cash.
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