secwatch.observer — SEC 8-K summary
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Issuer:     OMNICELL, INC. (OMCL)
CIK:        0000926326
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001104659-24-122635
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Omnicell issues $172.5M 1.00% convertible notes due 2029, repurchases $400M of 2025 notes
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- Priced $150M (upsized to $172.5M) of 1.00% Convertible Senior Notes due 2029; conversion price ~$57.25 (35% premium).
- Used $166M net proceeds plus cash to repurchase $400M of outstanding 0.25% 2025 notes for ~$391.2M.
- Entered convertible note hedge on ~3.0M shares at $57.25 and sold warrants at $84.82 to offset dilution.
- Notes mature Dec 1, 2029; redeemable after Dec 6, 2027 if stock price ≥130% of conversion price for 20 of 30 days.
- Net cost of hedge/warrant transactions ~$15.1M; unwind of prior hedges on 2025 notes resulted in net $0.7M payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/926326/000110465924122635/0001104659-24-122635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926326/000110465924122635/tm2429262d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-122635

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer