ATEC prices upsized $350M 0.75% convertible notes due 2030; to repurchase $253M 2026 notes

Alphatec Holdings, Inc.

Pricing of $350M principal (upsized from $300M) of 0.75% convertible senior notes due 2030; initial conversion price ~$15.54 (32.5% premium).
Net proceeds estimated at $339M ($392.4M if full greenshoe of additional $55M exercised).
Will use ~$268.4M net proceeds to repurchase $253M aggregate principal of 0.75% convertible notes due 2026 in concurrent private transactions.
Entered into capped call transactions with cap price $23.46/share to reduce potential dilution upon conversion.
Offering expected to settle March 7, 2025; initial purchasers have 13-day option for additional $55M principal.

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