- Invacare (NYSE:IVC) prices its $130M aggregate principal amount of 5.00% convertible senior notes due 2021 at par. Initial purchasers will have the option to buy an additional $20M of the notes.
- The conversion rate will be initially be 60.0492 common shares per $1,000 principal amount of the notes (~$16.65 per share). Closing date is February 23.
- Net proceeds will be ~$124.8M or $144.2M if initial purchasers exercise their over-allotment option in full.
- Previously: Invacare to float $130M convertible debt offering (Feb. 16)