debt
confidence high
sentiment neutral
materiality 0.30
Integer announces conversion period for 2.125% Convertible Notes due 2028
Integer Holdings Corp
- Notes convertible at holder's option from April 1 through June 30, 2025.
- Conversion triggered by stock price exceeding 130% of $87.20 conversion price for 20 of 30 trading days ending March 31, 2025.
- Conversion rate: 11.4681 shares per $1,000 principal; company can settle in cash, stock, or combination.
- Principal amount of Notes is $400M (implied from 2.125% coupon); no stated change to terms.