{"schema_version":"secwatch.filing_event.v1","accession":"0000856982-23-000066","form_type":"8-K","ticker":"MMSI","cik":"0000856982","company_name":"MERIT MEDICAL SYSTEMS INC","filed_at":"2023-12-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.168109+00:00","generated_at":"2026-06-07T15:55:15.857413+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Merit Medical closes $747.5M convertible note offering at 3.00%, due 2029","bullets":["Issued $747.5M aggregate principal of 3.00% Convertible Senior Notes due February 1, 2029.","Net proceeds estimated at $725.1M after discounts; capped call cost ~$66.5M.","Initial conversion price ~$86.83 per share; conversion rate 11.5171 shares per $1,000 principal.","Proceeds intended for general corporate purposes including debt reduction, R&D, and potential M&A.","Capped call transactions entered to reduce dilution upon conversion, with cap price ~$114.68."],"urls":{"canonical":"https://secwatch.observer/filing/0000856982-23-000066","json":"https://secwatch.observer/filing/0000856982-23-000066.json","markdown":"https://secwatch.observer/filing/0000856982-23-000066.md","text":"https://secwatch.observer/filing/0000856982-23-000066.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/856982/000085698223000066/0000856982-23-000066-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/856982/000085698223000066/mmsi-20231208x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:55:15.857413+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0e337f0a342bcd7c20384ea3c1a8430b128578f6","claim":"MERIT MEDICAL SYSTEMS INC incurred convertible notes of $747.5 million with U.S. Bank Trust Company, National Association at 3.00% maturing February 1, 2029.","evidence_excerpt":"On December 8, 2023, Merit Medical Systems, Inc. (“Merit”) closed an offering of $747.5 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/856982/000085698223000066/0000856982-23-000066-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$747.5 million"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"3.00%"},{"label":"Maturity","value":"February 1, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"34a2582bbf6c81d6489fb14db19668788b5a3a83","claim":"MERIT MEDICAL SYSTEMS INC entered into Base Capped Call Transactions with certain of the initial purchasers and/or their respective affiliates and certain other financial institutions (effective 2023-12-05).","evidence_excerpt":"On December 5, 2023, in connection with the pricing of the Notes, Merit entered into privately negotiated capped call transactions (the “Base Capped Call Transactions”) with certain of the initial purchasers and/or their respective affiliates and certain other financial institutions (the “Option Counterparties”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/856982/000085698223000066/0000856982-23-000066-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"certain of the initial purchasers and/or their respective affiliates and certain other financial institutions"},{"label":"Effective","value":"2023-12-05"}],"fact_type":"material_agreement"},{"claim_id":"b5e61e15331dc394728c0c06d9a45ab922022a3d","claim":"MERIT MEDICAL SYSTEMS INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $747.5 million aggregate principal amount (effective 2023-12-08).","evidence_excerpt":"On December 8, 2023, Merit Medical Systems, Inc. (“Merit”) closed an offering of $747.5 million aggregate principal amount of its 3.00% Convertible Senior Notes due 2029 (the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/856982/000085698223000066/0000856982-23-000066-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Value","value":"$747.5 million aggregate principal amount"},{"label":"Effective","value":"2023-12-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}