iRhythm proposes $450M convertible senior notes due 2029; repays $80.1M Braidwell loan

iRhythm Holdings, Inc.

Offering $450M aggregate principal of 2029 convertible senior notes, plus $67.5M overallotment option.
Interest rate, conversion price and other terms to be set at pricing; notes are senior unsecured.
Net proceeds used to repay $80.1M Braidwell loan, repurchase up to $25M common stock, and for general corporate purposes.
Convertible at holders' option under certain conditions; settlement may be cash, stock, or combination.
Company expects to enter capped call transactions to reduce potential dilution upon conversion.

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