Integer Holdings issues $500M 2.125% convertible notes due 2028; repays existing debt

Integer Holdings Corp

Net proceeds of ~$485.4M; used to fully repay term B loan and revolver, and pay $35M for capped calls.
Notes bear 2.125% interest, mature Feb 2028; conversion price initially ~$87.20 per share.
Capped call transactions set cap price at ~$108.59 per share to reduce dilution.
Offering includes full exercise of $65M initial purchasers' option.
Credit facility remains available; proceeds also cover related fees and expenses.

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