Glaukos exchanges $230M of 2.75% Convertible Notes due 2027 for common stock

GLAUKOS Corp

Glaukos entered agreements to repurchase $230M of its 2.75% Convertible Senior Notes due 2027.
Consideration will be shares of common stock, determined over an averaging period starting June 14, 2024, plus cash for fractional shares and accrued interest.
Transaction is expected to close on or about June 25, 2024, subject to customary conditions.
Shares issued will be unregistered and sold only to QIBs and institutional accredited investors.

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