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Lannett to raise $350M in senior notes offering

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NASDAQ2020   Tuesday, 04/06/21 12:49:17 PM
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Lannett to raise $350M in senior notes offering
Apr. 06, 2021 7:42 AM ETLannett Company, Inc. (LCI)By: Khyathi Dalal, SA News Editor
Lannett (NYSE: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
Now read: Lannett offers $350M senior secured notes due 2026

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