NUVASIVE INC: debt financing — NuVasive borrows $350M under revolver to repay $450M convertible notes due June 2023

NUVASIVE INC

Borrowed $350M aggregate principal under its $550M revolving credit facility on May 26, 2023.
Proceeds plus cash on hand will repay $450M of 1.00% Convertible Senior Notes due June 1, 2023.
Following repayment, expected remaining borrowing capacity under the facility is $200M.
The 2020 Credit Agreement with Bank of America provides the revolving facility.

item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

NUVASIVE INC incurred revolving credit of $350 million with Bank of America, N.A..

Instrument: revolving credit
Principal: $350 million
Counterparty: Bank of America, N.A.
Event: incurrence

Exact text from the filing

On May 26, 2023, the Company borrowed $350 million in aggregate principal amount of revolving loans under the 2020 Facility.

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Source: SEC EDGAR

accession 0001142596-23-000025

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