Wright Medical plans $400m debt offering (MassDevice)
Wright Medical plans to float $400 million worth of senior notes.
Wright Medical (NSDQ:WMGI) said today that it plans to float $400 million worth of senior debt it plans to hedge with cash convertible note hedge deals with institutional investors.
Memphis-based Wright said it expects to use the proceeds to pay off the hedges and for "general corporate purposes" including acquisitions and paying down about $250 million in debt.
The offering is expected to net $389 million (or $447 million if an initial purchasers' option is exercised), Wrigh...
