03:20 AM EDT, 03/13/2026 (MT Newswires) -- Indivior (INDV) said late Thursday it priced its upsized private offering of $450 million of 0.625% convertible senior notes due March 15, 2031.

The offering was upsized from $400 million.

The company has granted initial purchasers a 30-day option to buy up to an additional $50 million of the notes. The sale of the notes is expected to settle on March 17.

The company expects to raise proceeds of about $437.7 million, or around $486.4 million if the initial purchasers fully exercise their option to buy additional notes, from the offering.

Indivior said it plans to use the proceeds to help repay borrowings under and terminate the note purchase agreement that governs its term loan and revolving credit facility, among other things.