Enovis prices $400M of 3.875% convertible notes due 2028 to fund Lima acquisition

Enovis CORP

Priced $400M aggregate principal of 3.875% Convertible Senior Notes due 2028; initial purchasers option for additional $60M.
Initial conversion price ~$58.32/share (~30% premium to Oct 19 close); net proceeds ~$386.9M.
Proceeds, with ~$400M term loan and cash, to fund pending LimaCorporate acquisition; ~$53.9M used for capped call transactions.
Notes mature Oct 15, 2028; interest payable semiannually; if Lima deal fails by June 30, 2024, Enovis may redeem at 101%.

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