Alphatec Holdings, Inc. (ATEC): debt financing — Alphatec issues $405M 0.75% convertible notes due 2030; repurchases $253M 2026 notes

Alphatec Holdings, Inc.

Issued $405M principal of 0.75% Convertible Senior Notes due 2030, including $55M from full exercise of initial purchasers' option.
Initial conversion price ~$15.54 per share; interest payable semi-annually, matures March 15, 2030.
Repurchased $253M aggregate principal of outstanding 2026 notes for ~$268.4M cash.
Entered capped call transactions costing ~$42.5M to reduce dilution on conversion; cap price $23.46 per share.
Notes are senior unsecured, redeemable after March 20, 2028 if stock price exceeds 130% of conversion price.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Alphatec Holdings, Inc. incurred convertible notes of $405,000,000 with U.S. Bank Trust Company, National Association at 0.75% per annum maturing March 15, 2030.

Instrument: convertible notes
Principal: $405,000,000
Counterparty: U.S. Bank Trust Company, National Association
Rate: 0.75% per annum
Maturity: March 15, 2030
Event: incurrence

Exact text from the filing

On March 7, 2025, Alphatec Holdings, Inc. (the “ Company ”) issued $405,000,000 principal amount of its 0.75% Convertible Senior Notes due 2030 (the “ Notes ”).

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Alphatec Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-049998

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