Integer Holdings Opens Conversion Window for 2028 Senior Notes
Integer Holdings notified noteholders that its 2.125% Convertible Senior Notes due 2028 are convertible through Dec. 31, 2026.
Integer Holdings Corporation (NYSE: ITGR), a Plano, Texas-based medical device contract manufacturer, announced Thursday that holders of its 2.125% Convertible Senior Notes due 2028 may exercise their conversion option beginning Oct. 1, 2026, through the close of business on Dec. 31, 2026.
Under the terms of the conversion, noteholders who elect to convert will receive cash up to the principal amount of the notes. Any conversion obligation exceeding that principal can be settled in cash, shares of Integer common stock, or a combination of the two, at the company's discretion.
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Integer stated that future convertibility determinations will be governed by the terms of the Indenture covering the notes, leaving open the possibility that conversion windows could be opened or closed in subsequent quarters depending on whether applicable conditions are met.
The announcement carries practical significance for fixed-income investors holding the notes, as the conversion option gives them flexibility to participate in equity upside or receive cash settlement during the three-month window. The company retains control over whether any excess obligation above principal is paid in cash or stock, preserving balance-sheet flexibility.
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