SECURITIES AND EXCHANGE COMMISSION
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Item 8.01 Other Events.
On September 19, 2022, Intercept Pharmaceuticals, Inc. (the “Company”) closed its previously announced exchange of existing convertible senior secured notes due 2026 (the “2026 Notes”) with an existing noteholder.
The Company exchanged approximately $7.1 million principal amount of 2026 Notes for approximately $8.2 million in cash.
This exchange is in addition to the Company’s previous exchanges totaling $381.7 million of 2026 Notes for cash and stock. Net of these exchanges, the principal balance of the 2026 Notes has been reduced by $388.9 million from $500.0 million to $111.1 million.
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.
|INTERCEPT PHARMACEUTICALS, INC.|
|By:||/s/ Andrew Saik|
|Title:||Chief Financial Officer|
Date: September 20, 2022