Alphatec announces $300M convertible notes offering due 2030, repurchases part of 2026 notes

Alphatec Holdings, Inc.

Offers $300M aggregate principal of convertible senior notes due 2030; initial purchasers option for additional $50M.
Proceeds used to fund capped call transactions, repurchase outstanding 0.75% 2026 convertible notes, and general corporate purposes.
Concurrently repurchases a portion of its 0.75% convertible notes due 2026 in privately negotiated transactions.
Notes redeemable at ATEC's option after Mar 20, 2028 if stock exceeds 130% of conversion price.
Market information: ATEC estimates U.S. spine TAM at $8B, including $2B lumbar fusion and $1B lateral procedures.

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