Integer Holdings Corporation (NYSE: ITGR) announced on October 2, 2026, that holders of its 2.125% Convertible Senior Notes due 2028 may now exercise a conversion option. The company notified note holders that the securities have become convertible, allowing them to exchange the notes for cash, shares of common stock, or a combination of both.
The conversion period begins on October 1, 2026, and ends at the close of business on December 31, 2026. The notes became eligible for conversion because the last reported sale price of the company's common stock was greater than 130% of the conversion price for at least 20 trading days within a 30-day period ending on September 30, 2026.
According to the filing, the notes are convertible at a rate of 11.4681 shares of common stock per $1,000 principal amount of notes. This rate equates to a conversion price of approximately $87.20 per share. The company specified that the conversion of the notes will be executed at the company's election, with cash used for up to the principal amount and a combination of cash and stock used for any remaining obligation.
Wilmington Trust, National Association serves as the conversion agent for the transaction. The company stated that no representation or recommendation has been made to holders regarding whether to exercise the conversion option.
