debt
confidence high
sentiment neutral
materiality 0.70
OPKO Health exchanges $159.2M convertible notes for 121.4M shares and $63.5M cash
OPKO HEALTH, INC.
- Exchanged $152.5M (Mar 27) plus $6.75M (Mar 28) of 3.75% Convertible Senior Notes due 2029.
- Issued 121,437,998 common shares plus $63.5M cash (incl. accrued interest) in exchange.
- Closing occurred April 1, 2025; all exchanged notes retired and no longer outstanding.
- Shares issued without registration, relying on Section 4(a)(2) exemption.
- Noteholders represented QIB or accredited investor status for the exemption.