The latest update is out from Integer Holdings ( (ITGR) ).
On March 18, 2025, Integer Holdings Corporation announced the closing of a $1 billion convertible senior notes offering, which was upsized due to strong investor demand. The transaction is expected to enhance the company’s capitalization structure by creating revolver capacity and reducing interest expenses, making it immediately accretive to 2025 adjusted earnings. The proceeds will be used to pay costs associated with capped call transactions, exchange a portion of existing notes, and repay outstanding borrowings. The offering reflects investor confidence in Integer’s strategy and financial strength, with the capped call transactions mitigating potential dilution of common stock.
More about Integer Holdings
Integer Holdings Corporation is a leading medical device contract development and manufacturing organization, serving the cardiac rhythm management, neuromodulation, and cardio and vascular markets. The company is a strategic partner to medical device companies and OEMs, committed to enhancing patient lives with innovative, high-quality products and solutions.
YTD Price Performance: -9.93%
Average Trading Volume: 348,830
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4B
See more data about ITGR stock on TipRanks’ Stock Analysis page.