Integer upsizes revolver by $300M to $800M; notes become convertible in Q3

Integer Holdings Corp

Increased revolving credit facility from $500M to $800M via third amendment to credit agreement dated July 1, 2024.
2.125% Convertible Senior Notes due 2028 become convertible during calendar quarter ending Sept 30, 2024, at rate of 11.4681 shares per $1,000 principal (conversion price ~$87.20/share).
Conversion triggered because stock price exceeded 130% of conversion price for 20 of 30 trading days ending June 30, 2024.
Company may settle conversions in cash, shares, or combination; principal repaid in cash.
CFO Diron Smith cited balance sheet strength and commitment to 2.5-3.5x debt leverage target.

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