secwatch.observer — SEC 8-K summary
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Issuer:     LivaNova PLC (LIVN)
CIK:        0001639691
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001639691-24-000031
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LivaNova prices $300M 2.5% convertible notes due 2029; plans to repurchase $230M of 3% exchangeable notes
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- Priced $300M aggregate principal of 2.50% convertible senior notes due 2029; initial purchasers may buy up to $45M more.
- Net proceeds estimated at ~$289.3M ($333M if over-allotment exercised); use includes repurchasing $230M of existing 3% notes.
- Initial conversion price $69.40/share, a 32.5% premium to LIVN's $52.38 close on March 5, 2024.
- Entered capped call transactions with cap price $94.284/share to offset dilution upon conversion.
- Plans to repurchase $230M of 3.00% Cash Exchangeable Senior Notes due 2025 for $270.5M cash (incl. interest).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1639691/000163969124000031/0001639691-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1639691/000163969124000031/livn-20240305.htm
  HTML page:      https://secwatch.observer/filing/0001639691-24-000031

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