debt
confidence high
sentiment neutral
materiality 0.30
Integer's 2.125% notes due 2028 become convertible Oct 1-Dec 31 after stock topped 130% of conversion price
Integer Holdings Corp
- Holders of Integer Holdings' (NYSE: ITGR) 2.125% Convertible Senior Notes due 2028 may convert them from Oct 1 through the close of business Dec 31, 2026.
- Conversion rate is 11.4681 shares per $1,000 principal, equivalent to a conversion price of roughly $87.20 per share; CUSIP 45826H AB5.
- Sale Price Conversion Condition met: last reported sale price was at least 130% of the conversion price on 20+ of 30 consecutive trading days ending Sept 30, 2026.
- Settlement is cash up to principal, plus cash, stock or a mix at the company's election for any excess; no conversion-rate adjustment under Section 14.03.
- Indenture dated Feb 3, 2023; Wilmington Trust, National Association acts as trustee and conversion agent.