Integer Holdings Corporation closes $1.0 billion convertible senior notes transaction, enhancing capitalization

From GlobeNewswire: 2025-03-18 21:30:46

Integer Holdings Corporation has closed a strategic transaction, offering $1.0 billion in convertible senior notes due 2030. The transaction will create revolver capacity and lower interest costs, leading to an immediate accretive impact on 2025 adjusted earnings. The Company upsized the initial offering due to strong investor demand. The net proceeds of $976.1 million will be used for capped call transactions, note exchange, and repayment of outstanding borrowings. Upon conversion, the principal amount will be paid in cash, with mitigation of dilution through capped call transactions. Integer Holdings Corporation is a leading medical device contract development and manufacturing organization, committed to enhancing patient lives globally.



Read more at GlobeNewswire: Integer Holdings Corporation Enhances Capitalization