Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Integer Holdings Corp. > News item |
Integer Holdings amends loan, allowing for convertibles sale
By Sara Rosenberg
New York, Jan. 30 – Integer Holdings Corp. amended its credit facility to permit the issuance of convertible senior notes, allow for the entrance into bond hedge and capped call transactions, and permit the issuance of call options, warrants or purchase rights relating to its common stock, according to an 8-K filed with the Securities and Exchange Commission on Monday.
Also, the amendment added a springing maturity to the company’s revolving credit facility and term loan A to 91 days prior the earliest maturity date of any permitted convertible debt which remains outstanding.
Wells Fargo Bank is the administrative agent on the credit facility.
On Monday, the company announced plans to sell $375 million of convertible senior notes and use the proceeds to repay term loan B borrowings, for general corporate purposes, including the repayment of other debt, and to pay the cost of capped call transactions.
Integer is a Plano, Tex.-based medical device outsource manufacturer serving the cardiac, neuromodulation, vascular, portable medical and orthopedics markets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.