UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 1, 2019
Horizon Pharma Public Limited Company
(Exact name of registrant as specified in its charter)
Ireland | 001-35238 | Not Applicable | ||
(State or other jurisdiction of incorporation) |
(Commission File No.) |
(IRS Employer Identification No.) |
Connaught House, 1st Floor, 1 Burlington Road, Dublin 4, D04 C5Y6, Ireland
(Address of principal executive offices)
Registrants telephone number, including area code: 011-353-1-772-2100
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events. |
On May 1, 2019, Horizon Pharma USA, Inc., a wholly-owned subsidiary of the Company, redeemed $250 million in aggregate principal amount of the Companys 6.625% Senior Notes due 2023 (2023 Senior Notes) under the indenture governing the 2023 Senior Notes. Following this redemption, and completion of repayment of $300 million of the outstanding principal amount of term loans under the Companys Credit Agreement (term loans) on March 18, 2019, the Company has reduced its total gross debt by $550 million.
The outstanding principal balance of 2023 Senior Notes is $225 million and the outstanding principal balance of term loans is $518 million. The total aggregate outstanding principal amount of indebtedness is $1,443 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 1, 2019 | HORIZON PHARMA PUBLIC LIMITED COMPANY | |||||
By: | /s/ Paul W. Hoelscher | |||||
Paul W. Hoelscher | ||||||
Executive Vice President and Chief Financial Officer |