secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2025-03-05T23:59:59+00:00
Accession:  0001193125-25-047166
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000119312525047166/0001193125-25-047166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000119312525047166/d913144d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-047166

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