secwatch / observer
8-K filed May 9, 2023, 7:59 PM ET CIK 0000846475
debt confidence high sentiment neutral materiality 0.65

ZYNEX INC: debt financing — Zynex prices $52.5M convertible notes (5.00%, due 2026); CEO withdraws secondary offering

ZYNEX INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

ZYNEX INC incurred convertible notes of $60,000,000 with U.S. Bank Trust Company, National Association at 5.00% per year maturing May 15, 2026.

Instrument
convertible notes
Principal
$60,000,000
Counterparty
U.S. Bank Trust Company, National Association
Rate
5.00% per year
Maturity
May 15, 2026
Event
incurrence
Exact text from the filing
amount of Notes. On May 8, 2023, the initial purchaser exercised its option to purchase additional Notes in full, bringing the total aggregate principal amount of the Notes to $60,000,000. The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of May 9, 2023, between the Company and U.S. Bank Trust Company, National
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ZYNEX INC entered into Purchase Agreement with initial purchaser valued at $52,500,000 (effective 2023-05-04).

Action
entry
Agreement
underwriting
Counterparty
initial purchaser
Value
$52,500,000
Effective
2023-05-04
Exact text from the filing
On May 4, 2023, Zynex, Inc. (the “Company”) priced a private offering of $52,500,000 in aggregate principal amount of its 5.00% Convertible Senior Notes due 2026 (the “Notes”) and entered into a purchase agreement (the “Purchase Agreement”) with the initial purchaser of the Notes, pursuant to which the Company granted the initial purchaser an option to purchase up to an additional $7,500,000 principal amount of Notes.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ZYNEX INC entered into Indenture with U.S. Bank Trust Company, National Association valued at $60,000,000 (effective 2023-05-09).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$60,000,000
Effective
2023-05-09
Exact text from the filing
On May 4, 2023, Zynex, Inc. (the “Company”) priced a private offering of $52,500,000 in aggregate principal amount of its 5.00% Convertible Senior Notes due 2026 (the “Notes”) and entered into a purchase agreement (the “Purchase Agreement”) with the initial purchaser of the Notes, pursuant to which the Company granted the initial purchaser an option to purchase up to an additional $7,500,000 principal amount of Notes. On May 8, 2023, the initial purchaser exercised its option to purchase additional Notes in full, bringing the total aggregate principal amount of the Notes to $60,000,000. The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of May 9, 2023, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-057837
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