secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001193125-25-044094
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000119312525044094/0001193125-25-044094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000119312525044094/d857473d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-044094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer