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ARTICLE | Financial News

Supernus financial update

May 13, 2013 7:00 AM UTC

Supernus raised $15 million through the sale of senior convertible notes following the exercise by investors of their option to purchase additional notes from the company's April 26 note offering, bringing the total raised to $90 million. The secured notes bear 7.5% interest, mature on May 1, 2019, and initially convert at $5.30. The company, which closed Friday at $4.90, has 30.9 million shares outstanding. ...