Integer completes Convertible Senior Notes Offering

Overview

Deal Type Equity Capital Markets
Size $1 Billion
Convertible Senior Notes due 2030
Client & Transactional Partners Integer
Our Role Co-Manager

Summary

KeyBanc Capital Markets and Cain Brothers, a division of KeyBanc Capital Markets, successfully priced $1.0 billion of Convertible Senior Notes Due 2030 for Integer Holdings Corporation. 

The offering was upsized from $750 million to $875 million, prior to the exercise of the overallotment option. The Notes will mature in 2030 and bear interest at a rate of 1.875% per annum, with a conversion premium of 27.50%. Both the coupon and the conversion premium priced at the midpoint of the initial talk ranges. Proceeds from the offering will be used to refinance a portion of the company’s outstanding 2028 Convertible Senior Notes, repay borrowings under its revolving credit facility, fund the cost of capped call transactions, and for general corporate purposes.

Integer is one of the largest medical device contract development and manufacturing organizations in the world, serving the cardiac rhythm management, neuromodulation, and cardio and vascular markets. As a strategic partner of choice to medical device companies and OEMs, Integer is committed to enhancing the lives of patients worldwide by providing innovative, high-quality products and solutions. Integer’s brands include Greatbatch Medical® and Lake Region Medical®.

Mark Barath

KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association ("KeyBank N.A.") are separate, but affiliated companies. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives.

Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value

Banking products and services are offered by KeyBank N.A. All credit, loan, and leasing products are subject to collateral and/or credit approval terms, conditions, and availability and subject to change.

Recent Deals

May 2026

Forgent Power Solutions, Inc.

$2.3 Billion

Follow-On Offering

Joint Bookrunner

forgent-power
May 2026

tokkion

acquired by

siris

Senior Secured Credit Facilities

takkion-group
April 2026

the queen senior

The Queen Senior

Construction Loan

queen-senior
April 2026

the meadow on seneca

The Meadow on Seneca

$14.8 Million

Construction Loan

meadow-on-seneca
April 2026

yesway

$322 Million

Initial Public Offering

Joint Bookrunner

yesway
April 2026

lakeview at westpark

Lakeview at Westpark

$54 Million

FHA (Fixed-Rate Loan)

lakeview-at-westpark
April 2026

redding rancheria

$80 Million

Senior Secured Credit Facilities

Structuring Agent
Sole Lender

redding-rancheria
April 2026

caturus

$600 Million

Senior Notes

Joint Bookrunner

caturus-energy
April 2026

moosilauke vision

$30 Million

Term Loan & Revolving Line of Credit

Hedge Provider
Treasury Services

moosilauke-visions
March 2026

bcdsk

affiliated with

highmark

Financial Advisor

blue-cross-blue-shield-kansas-city
March 2026

wallkill living center

Wallkill Living Center

Equity Bridge Loan and LIHTC Equity

wallkill-living-center
March 2026

palm villas in red bluff

Palm Villas in Red Bluff

$32.7 Million

Construction Loan, Permanent Loan, and KCBM Swap Contract

palm-villas-red-bluff
March 2026

forgent

$1 Billion

Follow-On Offering

Joint Bookrunner

forgent-power-solutions
March 2026

modbox storage - piedmont

ModBox Storage - Piedmont

$7.1 Million

CMBS Fixed-Rate Loan

modbox-storage-piedmont
March 2026

andesa

acquired by

terminus

Exclusive Buy-Side Advisor

terminus-capital-partners
March 2026

dme express

acquired by

palladium equity partners

Sell-Side Advisor

dme-express-acquired-by-palladium-equity-partners
March 2026

tigergenco

$146 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent

tigergenco-bayonne-energy-center-iii
March 2026

adb

a portfolio company of

warren

Senior Secured Credit Facilities

Exclusive Debt Advisor

adb-companies
March 2026

lti

acquired by

diversis capital

Exclusive Sell-Side Advisor

lti-technology-solutions
March 2026

infinity

$550 Million

Senior Notes

Joint Bookrunner

infinity-natural
March 2026

supercare health

Joint Lead Arranger
Joint Bookrunner
Administrative Agent

supercare-health-excellere
March 2026

supercare health

acquired by

excellere

Sell-Side Advisor

supercare-health-excellere-partners
March 2026

california resources corporation

$350 Million

Add-On Senior Notes

Joint Bookrunner

california-res
March 2026

cnl

merged with

sonida

$3.3 Billion

Combined Value

Exclusive Sell-Side Advisor

cnl-healthcare-properties-inc
March 2026

xcel energy

$1.2 Billion

First Mortgage Bonds

Active Joint Bookrunner

xcel-energy-northern-states-power
March 2026

sm energy company

$1 Billion

Senior Notes

Joint Bookrunner

smenergy
March 2026

pacific avenue

acquired

stuart rush

a subsidiary of

columbus mckinnon

Exclusive Buy-Side Advisor

pacific-avenue-capital-partners
March 2026

visualize

acquired

bmm

$70 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner

bmm-testlabs
February 2026

henderson court

Henderson Court

$36.7 Million

Equity Bridge Loan, LIHTC Equity, and Permanent Loan

henderson-court
February 2026

hlsg

acquired by

sterling group

Sell-Side Advisor

hlsg-acquired-by-sg
February 2026

peoria resources llc

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

peoria-resources-llc
February 2026

matador resources company

$750 Million

Senior Notes

Active Joint Bookrunner

matador-resources-company

Connect With Us

Find an Expert