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SUPN - Supernus Pharmaceuticals pays out $402M senior convertible notes
Supernus Pharmaceuticals Inc.
2023-04-04 03:44:22 ET
Biopharmaceutical company, Supernus Pharmaceuticals ( NASDAQ: SUPN ) has paid out the total principal amount due of $402.5M under its 0.625% convertible senior notes due 2023.
This is in addition to payment of the remaining outstanding interest due of $1.3M. With the repayment, 2023 notes are no longer outstanding.
The repayment was financed primarily with available cash on hand and, to a lesser extent, through a borrowing under the company’s existing credit line agreement.