Jazz Pharmaceuticals Launches $850M Senior Notes Offering And Kicks Off Share Buyback Strategy
Portfolio Pulse from Benzinga Newsdesk
Jazz Pharmaceuticals has announced an $850 million senior notes offering and a share buyback strategy. The notes will accrue interest at 3.125% per year and mature on September 15, 2030.
September 04, 2024 | 6:04 am
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Jazz Pharmaceuticals is issuing $850M in senior notes with a 3.125% interest rate, maturing in 2030, and has initiated a share buyback strategy.
The issuance of senior notes provides Jazz Pharmaceuticals with capital, potentially strengthening its financial position. The share buyback strategy may increase shareholder value by reducing the number of outstanding shares, which can positively impact the stock price.
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