Royalty Pharma to price offering of fixed-rate notes in two tranches

By Devika Patel

Knoxville, Tenn., July 15 – Royalty Pharma plc is expected to sell fixed-rate senior notes in two parts, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

BofA Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the bookrunners.

The notes are guaranteed by Royalty Pharma Holdings Ltd.

Proceeds will be advanced to Royalty Pharma Holdings Ltd., which will use the funds 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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