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LCI - Lannett offers $350M senior secured notes due 2026
Lannett Co Inc
Lannett (LCI) announces that it intends to offer $350M aggregate principal amount of senior secured notes due 2026.The notes will mature in April 2026, and are expected to bear interest that will be payable semiannually.Intends to use the net proceeds, together with other borrowings under a separate anticipated junior lien credit facility and cash on hand, to repay its existing term loan indebtedness and to pay certain related fees and expenses.