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Published on 1/4/2024 in the Prospect News Convertibles Daily.

Convertibles Calendar: OPKO Health on deck

Jan. 4

OPKO HEALTH INC.

• $200 million five-year convertible notes

• $30 million greenshoe

• Coupon of 3.25% to 3.75% and initial conversion premium of 25% to 30%

• Non-callable

• Rule 144A

• J.P. Morgan Securities LLC

• Proceeds to repurchase up to $50 million of common stock and a portion of the company’s 4.5% convertible notes due 2025 in privately negotiated transactions

• Miami-based biopharmaceutical and diagnostics company


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