Integer noteholders can convert bonds through December 31

Integer Holdings Corporation has informed its bond holders that they can convert their 2.125% Convertible Senior Notes due in 2028 through December 31, 2026. This option is available to the holders at their discretion during this period, according to a press release issued by the company. The conversion of these notes is contingent upon the company's common stock price reaching 130% of the conversion price for a continuous 20 trading days within a 30-day period ending on September 30, 2026.

The conversion rate is set at 11.4681 shares of common stock for every $1,000 of principal amount, which equates to a conversion price of approximately $87.20 per share. The conversion can result in payment of the principal amount in cash, supplemented by common shares or a mix of both, as determined by the issuer. Wilmington Trust, National Association is responsible for facilitating the conversion process.

The company has alerted bondholders about the specific terms, conditions, and procedures associated with this conversion option. Integer Holdings has not made any representations or recommendations to the holders regarding the decision to exercise the conversion right. The company operates as a contract development and manufacturing organization specializing in medical devices, focusing on the cardio and vascular, neuromodulation, and cardiac rhythm management sectors.