debt
confidence high
sentiment neutral
materiality 0.55
LeMaitre Vascular prices $150M convertible senior notes offering
LEMAITRE VASCULAR INC
- $150M aggregate principal of 2.50% Convertible Senior Notes due 2030, interest payable semi-annually.
- Initial conversion price ~$119.73/share, ~30% premium over $92.10 closing price on Dec. 16, 2024.
- Net proceeds ~$145.9M (or ~$167.8M if initial purchasers fully exercise $22.5M greenshoe).
- Proceeds to be used for working capital, general purposes, and potential acquisitions.
- Notes are senior unsecured; redeemable by company after Feb. 5, 2028 under certain conditions.