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Royalty Pharma to repay existing term loan A, term loan B facilities
By Taylor Fox
New York, Aug. 19 – Royalty Pharma plc intends to repay its existing term loan A and term loan B facilities using proceeds from a new offering of senior notes together with cash on hand, according to a news release.
All remaining proceeds will be used to pay fees and expenses related to the offering and for general corporate purposes.
Royalty Pharma is a New York-based acquirer of royalty interests in marketed and late-stage biopharmaceutical products.
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