debt
confidence high
sentiment positive
materiality 0.75
Enovis exchanges retained ESAB shares for $230.5M of term loan debt
Enovis CORP
- On Nov 18, 2022, Enovis exchanged 6,003,431 ESAB shares (all retained) for $230,531,750.40 of term loan.
- The term loan is under the Credit Agreement dated April 4, 2022; original balance was $450M.
- Transaction reduces Enovis's term loan debt by ~51%, leaving $219.5M outstanding.
- Exchange counterparty was lender Goldman Sachs & Co.