debt
confidence high
sentiment neutral
materiality 0.65
LeMaitre Vascular issues $172.5M of 2.50% convertible notes due 2030
LEMAITRE VASCULAR INC
- Issued $150M principal amount plus $22.5M from initial purchasers' option exercise.
- Notes bear interest at 2.50% per annum, mature Feb 1, 2030.
- Initial conversion price ~$119.73 per share, convertible into common stock at company's election.
- Notes unsecured senior obligations; net proceeds for working capital, general purposes, potential acquisitions.
- Issued under Rule 144A; shares upon conversion exempt under Section 3(a)(9).