Merit medical announces proposed private placement of $550 million of convertible senior notes

South jordan, utah, dec. 04, 2023 (globe newswire) -- merit medical systems, inc. (nasdaq: mmsi) (“merit”), a leading global manufacturer and marketer of healthcare technology, announced today that it intends to offer, subject to market conditions and other factors, $550.0 million aggregate principal amount of convertible senior notes due 2029 (the “notes”) in a private placement (the “offering”) only to persons reasonably believed to be “qualified institutional buyers” pursuant to rule 144a under the securities act of 1933, as amended (the “securities act”). merit also intends to grant the initial purchasers of the notes an option to purchase, during a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $82.5 million aggregate principal amount of the notes.
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