---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-056762"
form_type: "8-K"
ticker: "IRTC"
cik: "0001388658"
company_name: "iRhythm Holdings, Inc."
filed_at: "2024-03-04T23:59:59+00:00"
generated_at: "2026-06-05T04:38:12.962215+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-056762
- form_type: 8-K
- ticker: IRTC
- cik: 0001388658
- company_name: iRhythm Holdings, Inc.
- filed_at: 2024-03-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1388658/000119312524056762/0001193125-24-056762-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1388658/000119312524056762/d776889d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-056762
- JSON: https://secwatch.observer/filing/0001193125-24-056762.json
- Plain text: https://secwatch.observer/filing/0001193125-24-056762.txt

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