Innoviva, Inc. Prices Upsized Offering of $225 Million of 2.125% Convertible Senior Notes

Mar 03, 2022

Innoviva, Inc. (NASDAQ: INVA) (the “Company” or “Innoviva”)today announced the pricing of $225 million aggregate principal amount of the Company’s 2.125% convertible senior notes due 2028 (the “Notes”). The size of the offering was increased from the previously announced offering size of $200 million. The Notes will be sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The Company also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $45 million aggregate principal amount of the Notes. The offering is expected to close on March 7, 2022, subject to satisfaction of customary closing conditions.

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