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Conyers provided Bermuda law advice in connection with the issue by Horizon Pharma Investment Limited, a Bermuda exempted company and a wholly-owned subsidiary of Horizon Pharma plc, of its offering of $400 million aggregate principal amount of Exchangeable Senior Notes due 2022 in a private placement to qualified institutional buyers pursuant to Rule 144A under the United States Securities Act of 1933 which closed on March 13, 2015.
Horizon Pharma plc (NASDAQ: HZNP), is a specialty biopharmaceutical company focused on improving patients’ lives by identifying, developing, acquiring and commercializing differentiated products that address unmet medical needs.
The notes are the general unsecured senior obligations of Horizon Pharma Investment Limited and accrue interest at an annual rate of 2.50% payable semiannually. The notes will mature on March 15, 2022, unless earlier exchanged, repurchased or redeemed and the notes are fully and unconditionally guaranteed on a senior unsecured basis by Horizon Pharma plc.
David J. Doyle advised on the matter working alongside Cooley LLP and McCann Fitzgerald.
March 16, 2015