CryoLife Inc logo

CRY - CryoLife Inc News Story

$20.7 -0.6  -2.9%

Last Trade - 14/08/20

Sector
Healthcare
Size
Mid Cap
Market Cap £617.6m
Enterprise Value £747.4m
Revenue £197.3m
Position in Universe 2533rd / 6381

BUZZ-CryoLife Inc: Rises after pricing $100 mln convertible notes offering

Fri 19th June, 2020 7:43pm
** Medical device maker's shares  CRY.N  rise as much as
11.3% to $19.34
    ** Co announces pricing of $100 million convertible senior
notes offering  urn:newsml:reuters.com:*:nPnbj4STZa
    ** Says notes will bear interest at a rate of 4.250% per
year, and have an initial conversion rate of 42.6203 shares of
the company's common stock per $1,000 principal amount of the
notes
    ** Says the conversion rate is equivalent to an initial
conversion price of about $23.46 per share, representing a
premium of 35% to CRY's closing price on Thursday
    ** CRY fell over 25% on Thursday after launching the
convertible notes offering  urn:newsml:reuters.com:*:nL1N2DV1HF
    ** YTD, CRY has fallen about 31%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))
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