secwatch.observer — SEC 8-K summary
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Issuer:     Alphatec Holdings, Inc. (ATEC)
CIK:        0001350653
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001193125-25-049998
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alphatec issues $405M 0.75% convertible notes due 2030; repurchases $253M 2026 notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1350653/000119312525049998/0001193125-25-049998-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1350653/000119312525049998/d890647d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-049998

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