secwatch.observer — SEC 8-K summary
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Issuer:     Integer Holdings Corp (ITGR)
CIK:        0001114483
Form:       8-K
Filed at:   2025-03-19T23:59:59+00:00
Accession:  0001171843-25-001541
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Integer closes $1B 1.875% convertible notes offering; expects ~$12M interest savings
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- Closed $1B aggregate principal of 1.875% Convertible Senior Notes due 2030, upsized from $750M to $875M plus full $125M option.
- Net proceeds ~$976.1M; used $71M for capped call transactions, exchanged ~$383.7M of 2028 notes for cash + 1.55M shares, repaid revolver and term A loan.
- Capped call cap price $189.44 per share (60% premium over March 13 close of $118.40), mitigating potential dilution on conversion.
- Expected to be immediately accretive to 2025 adjusted earnings from lower interest expense of ~$12 million.
- Initial conversion rate 6.6243 shares/$1,000 (conversion price ~$150.96); interest payable semiannually at 1.875%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114483/000117184325001541/0001171843-25-001541-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114483/000117184325001541/f8k_031925.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-001541

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