other material
confidence high
sentiment neutral
materiality 0.75
Glaukos exchanges $230M of 2.75% convertible notes for 4.25M shares of common stock
GLAUKOS Corp
- Exchanged $230M principal of 2.75% Convertible Senior Notes due 2027 for 4,253,423 common shares and cash.
- Exchange was done via privately negotiated agreements with qualified institutional buyers and accredited investors.
- Transaction closed June 28, 2024; reduces debt by $230M and adds 4.25M shares to outstanding.