secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001193125-24-056762
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000119312524056762/0001193125-24-056762-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000119312524056762/d776889d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-056762

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