Brief: NuVasive Borrows $350 Mln In Revolving Loans Under 2020 Facility

NuVasive

26/05/2023 21:40

May 26 (Reuters) - NuVasive Inc  NUVA.O :
    * NUVASIVE INC - AS PREVIOUSLY DISCLOSED, CO, UNITS ARE
PARTIES TO
CERTAIN SECOND AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS
OF FEBRUARY 24, 2020
    * NUVASIVE INC - ON MAY 26, 2023, CO BORROWED $350 MILLION
IN
REVOLVING LOANS UNDER 2020 FACILITY
    * NUVASIVE INC - INTENDS TO USE PROCEEDS FROM SUCH
BORROWING, WITH
CASH ON HAND, TO REPAY $450 MILLION OF 1.00% CONVERTIBLE SENIOR
NOTES DUE 2023
    * NUVASIVE INC - FOLLOWING BORROWING AND REPAYMENT OF NOTES,
EXPECTS TO HAVE REMAINING BORROWING CAPACITY OF $200 MILLION
UNDER 2020 FACILITY

Further company coverage:  NUVA.O 

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