FX.co ★ IRhythm Announces Pricing Of Upsized Offering Of 1.50% Convertible Senior Notes Due 2029

iRhythm Technologies, Inc. (IRTC) recently disclosed the pricing for its offering of $575.0 million aggregate principal amount of 1.50% Convertible Senior Notes due in 2029. These notes will be sold privately to those deemed as qualified institutional buyers. This venture's aggregate principal amount has surpassed its initial announcement, which stood at $450.0 million. The notes' sale is anticipated to wrap up by March 7, 2024.

In relation to the pricing of these notes, iRhythm Technologies has engaged in privately negotiated capped call transactions with select financial bodies.