Integer Holdings Opens Conversion Window for 2028 Convertible Notes
Integer Holdings notified bondholders its 2.125% Convertible Senior Notes due 2028 are convertible through December 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 a conversion option during a window that opened October 1, 2026, and closes at the end of business on December 31, 2026.
Under the terms of the offering, the notes convert into cash up to the full principal amount. For any conversion obligation exceeding that principal, Integer retains the right to settle the remainder in cash, shares of common stock, or a combination of both, at the company's discretion.
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The conversion eligibility was determined in accordance with the indenture governing the notes, and the company indicated that any future conversion periods will likewise be evaluated under those same governing terms.
The announcement is a routine but consequential disclosure for bondholders weighing whether the current stock price and market conditions make conversion economically attractive before year-end. Integer, listed on the New York Stock Exchange, operates as a contract development and manufacturing partner to the broader medical device industry.
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