Symmetry Surgical issues $18 million of subordinated notes in connection with merger

By Lisa Kerner

Charlotte, N.C., July 1 – Symmetry Surgical Inc. agreed on Friday to issue $18 million of subordinated notes, according to an 8-K filing with the Securities and Exchange Commission.

The issue is in connection with the May 2 merger agreement by and among Symmetry Surgical Holdings, Inc., Symmetry Acquisition Corp, Inc. and Symmetry Surgical Inc.

The merger closed on Friday.

The note purchase agreement contains customary representations and warranties and events of default.

It also contains covenants that restrict the ability of the parties to, among other things, incur certain additional debt, engage in certain mergers or consolidations and declare or pay dividends and make equity redemptions.

Symmetry Surgical Inc. previously announced it agreed to be acquired by an affiliate of RoundTable Healthcare Partners for an equity value of $140.3 million.

The company’s shareholders received $13.10 cash per share.

The surgical instrument company is based in Nashville.

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