secwatch.observer — SEC 8-K summary
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Issuer:     Integer Holdings Corp (ITGR)
CIK:        0001114483
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001114483-24-000106
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114483/000111448324000106/0001114483-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114483/000111448324000106/gb-20240701.htm
  HTML page:      https://secwatch.observer/filing/0001114483-24-000106

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