secwatch.observer — SEC 8-K summary
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Issuer:     Envista Holdings Corp (NVST)
CIK:        0001757073
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001757073-23-000062
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Envista prices $435M 1.75% convertible notes due 2028; concurrent exchange of 2025 notes
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- $435M principal of 1.75% convertible notes due 2028 priced; underwriters option for additional $65.25M.
- Net proceeds ~$422.6M; ~$403M used to exchange ~$401.2M principal of existing 2.375% 2025 notes.
- Initial conversion price ~$46.31/share, a 32.5% premium over $34.95 closing price on Aug 7.
- Notes rated Baa3 by Moody's; settlement expected Aug 10, 2023; mature Aug 15, 2028.
- Concurrent exchange of 2025 notes for ~$403M cash and ~8.4M shares of common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757073/000175707323000062/0001757073-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757073/000175707323000062/nvst-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001757073-23-000062

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