Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
05 November 2024 - 3:41PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
________________________
Washington, D.C. 20549
_____________________
FORM 6-K
_____________________
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of November 2024
Commission File Number: 001-37835
________________________________________
Indivior PLC
________________________________________
10710 Midlothian Turnpike, Suite 125
North Chesterfield, Virginia 23235
(Address of principal executive office)
_______________________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F
Form
20-F ☒ Form 40-F ☐
EXHIBIT INDEX
Exhibit No.
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Description
of Exhibit
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99.1
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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, thereunto duly authorized.
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Indivior PLC
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Date: November 05,
2024
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/s/
Kathryn Hudson
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Name:
Kathryn Hudson
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Title:
Company Secretary
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Exhibit
99.1
Indivior
Completes Refinance of Secured Term Loan;
Enhances Liquidity and Financial Flexibility
Richmond, VA, November 5, 2024 - Indivior PLC (NASDAQ/LSE: INDV) today announced
that its wholly-owned subsidiary, RBP Global Holdings Limited (the
"Issuer"), has entered into an agreement with Piper Sandler Finance
LLC and certain purchasers for $400 million of senior secured
notes, comprised of $350 million term notes and $50 million
revolver in the form of variable notes (the "New Debt
Facilities").
Proceeds from the new term notes will be used to fully repay the
existing term loan and pay related transaction fees and
expenses. Excess
proceeds from the notes, along with the variable notes, will be
used for working capital and other general corporate
purposes.
Highlights:
- Extends
Indivior's maturity profile by refinancing the existing term loan
with 6-year New Debt Facilities;
- Improves
Indivior's liquidity position by more than $250 million to support
operating and strategic; initiatives from i) upsizing the Company's
term debt to $350 million, ii) adding a new $50 million revolver
and iii) removing the existing minimum liquidity
covenant.
Additional details can be found in the Note Purchase Agreement
the Company intends to file in Form 6-K with
the U.S. Securities and Exchange Commission by
November 8,
2024.
Important Cautionary Note Regarding Forward-Looking
Statements
This news release contains certain statements that are
forward-looking. Forward-looking statements include, among other
things, express and implied statements regarding: our ability to
borrow in the future, and other statements containing the words
"believe," "anticipate," "plan," "expect," "intend,"
"estimate," "forecast," "strategy," "target," "guidance,"
"outlook," "potential," "project," "priority," "may," "will,"
"should," "would," "could," "can," "outlook," "guidance," the
negatives thereof, and variations thereon and similar expressions.
By their nature, forward-looking statements involve risks and
uncertainties as they relate to events or circumstances that
may or may not occur in the future.
Actual results may differ materially from those because they relate
to future events. Various factors may cause differences between
Indivior's expectations and actual results, including, among
others, our future compliance with the covenants in the Note
Purchase Agreement and the accuracy of the representations and
warranties made therein, both of which are a precondition to future
issuance of variable notes; and the risks described in our most
recent annual report on Form 20-F beginning on page 9 as filed with
the U.S. SEC and in subsequent releases.
Forward-looking statements speak only as of the date that they are
made and should be regarded solely as our current plans, estimates
and beliefs. Except as required by law, we do not undertake
and specifically decline any obligation to update, republish or
revise forward-looking statements to reflect future events or
circumstances or to reflect the occurrences of unanticipated
events.
About Indivior
Indivior is a global pharmaceutical company working to help change
patients' lives by developing medicines to treat substance use
disorders (SUD), overdose and serious mental illnesses. Our vision
is that all patients around the world will have access to
evidence-based treatment for the chronic conditions and
co-occurring disorders of SUD. Indivior is dedicated to
transforming SUD from a global human crisis to a recognized and
treated chronic disease. Building on its global portfolio of OUD
treatments, Indivior has a pipeline of product candidates designed
to both expand on its heritage in this category and potentially
address other chronic conditions and co-occurring disorders of SUD,
including alcohol use disorder and cannabis use disorder.
Headquartered in the United States in Richmond, VA, Indivior
employs over 1,000 individuals globally and its portfolio of
products is available in over 30 countries worldwide.
Visit www.indivior.com to
learn more. Connect with Indivior on LinkedIn by
visiting www.
..com/company/indivior.
Contact:
Media:
US
Cassie France-Kelly
Vice President, Communications
Indivior PLC
Tel: 804-724-0327
UK
Teneo
Tel: +44 207-353-4200
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Investors:
Jason Thompson
Vice President, Investor Relations
Tel: 804-402-7123 or jason.thompson@indivior.com
Tim Owens
Director, Investor Relations
Tel: 804-263-3978 or timothy.owens@indivior.com
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