---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-210713"
form_type: "8-K"
ticker: "NVST"
cik: "0001757073"
company_name: "Envista Holdings Corp"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:53:21.461518+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Envista issues $500M 1.75% convertible notes due 2028, exchanges $401M existing notes

## Summary
- Issued $500.25M in 1.75% Convertible Senior Notes due August 2028; initial conversion rate 21.5942 shares per $1,000 principal (~$46.31/share).
- Exchanged $401.2M of existing 2.375% Convertible Notes due 2025 for $403M cash plus 8.4M common shares in privately negotiated deals.
- New notes are senior unsecured; redemption option after Aug 2026 if stock exceeds 130% of conversion price.
- Overall refinancing reduces interest cost from 2.375% to 1.75% and extends maturity from 2025 to 2028.

## SEC filing metadata
- accession: 0001193125-23-210713
- form_type: 8-K
- ticker: NVST
- cik: 0001757073
- company_name: Envista Holdings Corp
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1757073/000119312523210713/0001193125-23-210713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1757073/000119312523210713/d387133d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-210713
- JSON: https://secwatch.observer/filing/0001193125-23-210713.json
- Plain text: https://secwatch.observer/filing/0001193125-23-210713.txt

## Key facts
- Debt Financings
  Envista Holdings Corp incurred convertible notes of $500,250,000 in aggregate principal amount with Wilmington Trust, National Association at 1.75% per annum maturing August 15, 2028.
  - Instrument: convertible notes
  - Principal: $500,250,000 in aggregate principal amount
  - Counterparty: Wilmington Trust, National Association
  - Rate: 1.75% per annum
  - Maturity: August 15, 2028
  - Event: incurrence
  source text: On August 10, 2023, Envista Holdings Corporation (the “ Company ”) issued $500,250,000 in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028 (the “ Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757073/000119312523210713/0001193125-23-210713-index.htm
- Material Agreements
  Envista Holdings Corp entered into Indenture with Wilmington Trust, National Association valued at $500,250,000 in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028 (effective 2023-08-10).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $500,250,000 in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028
  - Effective: 2023-08-10
  source text: On August 10, 2023, Envista Holdings Corporation (the “ Company ”) issued $500,250,000 in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028 (the “ Notes ”). The Notes were issued pursuant to, and are governed by, an indenture (the “ Indenture ”), dated as of August 10, 2023, between the Company and Wilmington Trust, National Association, as trustee (the “ Trustee ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1757073/000119312523210713/0001193125-23-210713-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.