Travere prices upsized USD 475 million 0.5% convertible senior notes offering due 2032

Travere Therapeutics, Inc.

Travere Therapeutics, Inc.

TVTX

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  • Travere Therapeutics priced an upsized USD 475 million offering of 0.50% convertible senior notes due 2032, lifting the deal from the previously announced USD 400 million.
  • Notes convert at an initial price of about USD 64.90 per share, with an initial conversion rate of 15 shares per USD 1,000 principal amount.
  • Net proceeds estimated at about USD 460 million, rising to about USD 508.5 million if underwriters exercise a USD 50 million over-allotment option.
  • About USD 350.9 million of proceeds earmarked to repurchase about USD 221.4 million principal amount of outstanding 2.25% senior convertible notes due 2029.
  • Offering expected to close May 11, 2026.


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