EOS Imaging convertible bonds putable after change of control

By Rebecca Melvin

Concord, N.H., June 14 – EOS Imaging said a change of control occurred on May 13, which activates a redemption put option for holders of its bonds convertible into new shares and/or exchangeable for existing company shares.

The change-of-control period will run through July 13. During this time, holders may request early redemption in cash for all or part of the bonds they hold. The conversion price of €6.80 per bond plus accrued interest between May 31 and the effective redemption date, according to a news release.

Holders intending to redeem their bonds need to transfer the securities to the centralizing agent with a notice of exercise of the early redemption right.

The change of control occurred following the public tender offer on EOS Imaging’s securities initiated by Alphatec Holdings Inc.

EOS Imaging is a Paris-based medical device company specializing in imaging solutions for orthopedics.

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