debt
confidence high
sentiment negative
materiality 0.55
Integra prices $450M 9.500% senior secured notes due 2033; effective rate rise near high end of 100-200 bps
INTEGRA LIFESCIENCES HOLDINGS CORP
- $450,000,000 aggregate principal amount of 9.500% senior secured notes due 2033 priced in a private placement; sale expected to close on or about October 19, 2026.
- Notes are general senior secured obligations guaranteed by Integra's wholly-owned domestic subsidiaries that guarantee its senior secured credit facilities.
- Net proceeds, together with borrowings under a new credit facility, will refinance existing credit facilities and pay related fees and expenses in a broader refinancing transaction.
- Company expects the Notes' interest rate plus other refinancing elements to raise its effective interest rate near the high end of the previously communicated 100-200 basis point range.
- Notes offered only to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S; not registered under the Securities Act.