---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-262988"
form_type: "8-K"
ticker: "ENOV"
cik: "0001420800"
company_name: "Enovis CORP"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:15:12.007522+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Enovis issues $460M 3.875% convertible notes due 2028; net proceeds ~$445.1M for LimaCorporate acquisition

## Summary
- $460M 3.875% convertible notes due Oct 2028 issued; net proceeds ~$445.1M after fees.
- ~$62M of net proceeds used for capped call transactions to reduce dilution upon conversion.
- Remaining proceeds plus $400M term loan and cash will fund LimaCorporate acquisition announced Sep 25, 2023.
- Credit agreement amended to add $400M secured term loan facility maturing Apr 2027 with senior secured leverage covenant.

## SEC filing metadata
- accession: 0001193125-23-262988
- form_type: 8-K
- ticker: ENOV
- cik: 0001420800
- company_name: Enovis CORP
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1420800/000119312523262988/0001193125-23-262988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1420800/000119312523262988/d912090d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-262988
- JSON: https://secwatch.observer/filing/0001193125-23-262988.json
- Plain text: https://secwatch.observer/filing/0001193125-23-262988.txt

## Key facts
- Debt Financings
  Enovis CORP incurred convertible notes of $460 million with UBS Securities LLC and J.P. Morgan Securities LLC at 3.875% per year maturing October 15, 2028.
  - Instrument: convertible notes
  - Principal: $460 million
  - Counterparty: UBS Securities LLC and J.P. Morgan Securities LLC
  - Rate: 3.875% per year
  - Maturity: October 15, 2028
  - Event: incurrence
  source text: On October 24, 2023, Enovis Corporation, a Delaware corporation (the “Company”) sold to UBS Securities LLC and J.P. Morgan Securities LLC, as representatives (the “Representatives”) of the several initial purchasers (the “Initial Purchasers”), and the Initial Purchasers purchased from the Company, $460 million aggregate principal amount of the Company’s 3.875% Convertible Senior Notes due 2028
  evidence_url: https://www.sec.gov/Archives/edgar/data/1420800/000119312523262988/0001193125-23-262988-index.htm
- Material Agreements
  Enovis CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $460 million (effective 2023-10-24).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $460 million
  - Effective: 2023-10-24
  source text: the Company entered into an Indenture, dated October 24, 2023 (the “Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1420800/000119312523262988/0001193125-23-262988-index.htm
- Material Agreements
  Enovis CORP amended Amendment No. 1.
  - Action: amendment
  - Agreement: credit facility
  source text: Amendment No. 1 (the “Amendment”) to the credit agreement, dated as of April 4, 2022 (as amended by the Amendment, the “Credit Agreement”), by and among, amongst others, the Company, as the lead borrower, certain U.S. subsidiaries of the Company identified therein, as guarantors, each of the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent
  evidence_url: https://www.sec.gov/Archives/edgar/data/1420800/000119312523262988/0001193125-23-262988-index.htm

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