Financing ·
Integer Holdings notes due 2028 become convertible after shares exceed $87.20 conversion price
ITGRInteger Holdings Corp
Integer Holdings Corporation announced that holders of its 2.125% Convertible Senior Notes due 2028 may convert the notes during the calendar quarter ending December 31, 2026. The conversion option became available because the stock price exceeded 130% of the conversion price for at least 20 trading days within a 30-day period ending September 30, 2026. Notes convert at a rate of 11.4681 shares per $1,000 principal amount, equivalent to an approximate conversion price of $87.20 per share. Settlement is in cash up to the principal amount, with the company electing cash or stock for any excess obligation. Integer Holdings Corporation operates as a medical device contract development and manufacturing organization (CDMO).