Royalty Pharma Prices Offering Of $1.5B Of Senior Unsecured Notes
Portfolio Pulse from Benzinga Newsdesk
Royalty Pharma has announced the pricing of a $1.5 billion offering of senior unsecured notes, expected to close on June 10, 2024. The proceeds will be used for general corporate purposes.
June 03, 2024 | 9:18 pm
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Royalty Pharma has priced a $1.5 billion offering of senior unsecured notes, with the closing expected on June 10, 2024. The proceeds will be used for general corporate purposes.
The successful pricing of the $1.5 billion offering indicates strong investor confidence and provides Royalty Pharma with significant capital for general corporate purposes. This is likely to be viewed positively by the market, potentially boosting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100