Lantheus Holdings, Inc. (LNTH): debt financing — Lantheus closes $575M 2.625% convertible notes offering, repurchases $75M stock

Lantheus Holdings, Inc.

Issued $575M aggregate principal of 2.625% Convertible Senior Notes due 2027, including $75M overallotment.
Initial conversion price ~$79.81 per share, a 42.5% premium above the Dec. 5 close of $56.01.
Net proceeds ~$558M after discounts and expenses; notes are senior unsecured with subsidiary guarantee.
Used ~$75M of proceeds to repurchase 1,339,046 shares at $56.01 in private transactions with note purchasers.
Interest paid semi-annually at 2.625%; maturity Dec. 15, 2027; redeemable after Dec. 22, 2025 under certain conditions.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

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

Lantheus Holdings, Inc. incurred convertible notes of $575 million with U.S. Bank Trust Company, National Association at 2.625% maturing December 15, 2027.

Instrument: convertible notes
Principal: $575 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 2.625%
Maturity: December 15, 2027
Event: incurrence

Exact text from the filing

completed its previously announced sale of $575 million in aggregate principal amount of 2.625% Convertible Senior Notes due 2027

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Lantheus Holdings, Inc. entered into Indenture with U.S. Bank Trust Company, National Association, as Trustee valued at $575 million (effective 2022-12-08).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as Trustee
Value: $575 million
Effective: 2022-12-08

Exact text from the filing

The Notes were issued under an indenture, dated as of December 8, 2022 (the “ Indenture ”), among the Company, Lantheus Medical Imaging, Inc. (the “ Guarantor ”), a wholly owned subsidiary of the Company, as Guarantor, and U.S. Bank Trust Company, National Association, as Trustee.

View on SEC.gov

Browse all debt financings →

Lantheus Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-301105

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.