Indivior agrees to buy back $75 million of syndicated debt at discount

By Tali Rackner

Norfolk, Va., Dec. 7 – Indivior plc reached an agreement to buy back a total of $75 million of its syndicated debt in the market at a discount, retiring this debt early over the coming days, according to a filing with the London Stock Exchange.

This reflects the company's strong cash flow in 2015 and the relatively high cost of the debt, the filing said.

As a result, the debt at the year-end is expected to be of the order of $635 million to $645 million, offset by cash of $415 million to $425 million.

Indivior is a Richmond, Va.-based specialty pharmaceutical company focused on addiction and related mental health disorders.

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