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Travere Announces Proposed Convertible Senior Notes Offering to Refinance 2029 Convertible Notes
Travere Therapeutics announced its intention to offer $400 million in convertible senior notes due 2032, with an option for underwriters to purchase an additional $60 million. A portion of the proceeds will be used to repurchase outstanding 2.25% senior convertible notes due 2029, with the remainder allocated for general corporate purposes. J.P. Morgan, Jefferies, and Leerink Partners are acting as joint book-running managers.