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Kyphon sells $400mm in convertible senior notes
08 Feb 2007
Executive Summary
Kyphon (minimally invasive spinal devices) has sold $400mm (including the overallotment) in convertible debt--$200mm in 1% five-year senior notes and $200mm in 1.25% seven-year senior notes--to qualified institutional buyers. Upon the occurrence of certain events, the notes will convert into cash up to the principal amount, and into common shares for any conversion value above the principal amount. The company will use some of the proceeds to finance its recent acquisition of St. Francis Medical.
Deal Industry
- Medical Devices
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Medical Devices
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Surgical Equipment & Devices
- Minimally or Less Invasive
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Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Financing
- Convertible Debt
- Private Placement
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Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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Kyphon sells $400mm in convertible senior notes
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