Integer Holdings Opens Conversion Window for 2028 Senior Notes
Integer Holdings notified noteholders that its 2.125% Convertible Senior Notes due 2028 may be converted through December 31, 2026.
Integer Holdings Corporation (NYSE: ITGR), a Plano, Texas-based medical device contract manufacturer, announced Friday that holders of its 2.125% Convertible Senior Notes due 2028 may exercise a conversion option through the end of the year.
The conversion window opened October 1, 2026, and runs through the close of business on December 31, 2026, giving noteholders a three-month opportunity to act. The company said the option is available at the election of each individual holder.
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Under the terms of the arrangement, converted notes will be settled in cash up to the principal amount. Any conversion obligation exceeding that principal can be satisfied, at the company's discretion, in cash, shares of Integer common stock, or a combination of both — a structure that preserves flexibility for the issuer while offering holders a defined path to equity exposure.
Integer said future determinations about note convertibility will be governed by the Indenture agreement associated with the notes. The company did not disclose the total principal amount outstanding or specify which conversion method it currently favors, leaving settlement details contingent on holder elections and company decisions made within the window.
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