secwatch.observer — SEC 8-K summary
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Issuer:     OPKO HEALTH, INC. (OPK)
CIK:        0000944809
Form:       8-K
Filed at:   2024-01-05T23:59:59+00:00
Accession:  0001437749-24-000675
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OPKO Health prices $200M 3.75% convertible notes due 2029; funds buyback of common stock and 2025 notes
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- $200M principal, 3.75% rate, matures Jan 15, 2029; initial conversion price ~$1.15 (26.8% premium).
- Affiliates (CEO and others) exchange $71.1M of existing 5% prom notes for affiliate notes.
- Net proceeds ~$192.5M; ~$50M for stock repurchases at $0.9067/share, ~$146.3M to retire ~$144.4M of 4.50% notes due 2025.
- Offering expected to close Jan 9, 2024; initial purchaser option for additional $30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944809/000143774924000675/0001437749-24-000675-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944809/000143774924000675/opk20240104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-000675

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer