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LCI - Lannett to raise $350M in senior notes offering
Lannett Co Inc
Lannett (LCI) plans to offer $350M principal amount of senior secured notes due 2026 in a private placement.Notes are expected to bear interest that will be payable semiannually; notes will mature in April 2026.Proceeds along with other borrowings and cash on hand to be used for repaying its existing term loan indebtedness.Shares trading 0.89% higher premarket