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MicroPort gauges interest for repurchase of 0% convertibles due 2026
By Mary-Katherine Stinson
Lexington, Ky., Dec. 5 – MicroPort Scientific Corp. is gauging interest for a potential buyback of the $665 million that remains outstanding of its $700 million 0% convertible bonds due June 11, 2026 (ISIN: XS2342920050), according to a notice.
On Dec. 5, the company appointed J.P. Morgan Securities plc, China International Capital Corp. Hong Kong Securities Ltd., Citigroup Global Markets Ltd. and Merrill Lynch (Asia Pacific) Ltd. as dealer managers to assist the company in collecting indications of interest from bondholders who are willing to sell some or all of their existing convertibles back to the company.
The repurchase will not be conducted within the United States or offered to U.S. persons.
MicroPort is a global medical device developer and manufacturer with headquarters in Shanghai.
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