Welcome to our dedicated page for Haemonetics Mass news (Ticker: HAE), a resource for investors and traders seeking the latest updates and insights on Haemonetics Mass stock.
Haemonetics Corporation (NYSE: HAE) delivers vital blood and plasma management solutions to healthcare providers worldwide. This page serves as the definitive source for official company announcements, financial updates, and innovation milestones.
Access timely updates on earnings reports, regulatory clearances, and strategic partnerships that shape HAE's leadership in medical technology. Investors will find press releases covering product launches like advanced diagnostic systems, operational expansions, and initiatives enhancing transfusion safety standards.
Our curated news collection helps stakeholders monitor developments across HAE's three core segments: plasma collection technologies, blood center optimization tools, and hospital transfusion management systems. Bookmark this page for direct access to filings, executive commentary, and progress updates on life-saving healthcare solutions.
Haemonetics has announced the pricing of an upsized private placement of $600 million in 2.50% Convertible Senior Notes due 2029. The offering size increased from the previously announced $525 million. The notes are senior, unsecured obligations maturing on June 1, 2029, with a conversion price of $117.12 per share, a 30% premium over the last reported sale price. The net proceeds, estimated at $584.8 million, will be used to pay for capped call transactions, repurchase $200 million of 2026 notes, repay a $230 million revolving credit facility, and for other general purposes. Haemonetics has also granted an option to the initial purchasers to buy an additional $100 million in notes. The offering is expected to close on May 28, 2024.
On May 21, 2024, Haemonetics announced its plan to offer $525 million in Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers.
An additional $75 million in notes may be offered if initial purchasers exercise their option. The notes will be senior, unsecured, and accrue interest semi-annually, to be settled in cash or common stock upon conversion.
Proceeds will fund capped call transactions to offset dilution and support general corporate purposes, potentially influencing the market price of Haemonetics' stock.
Haemonetics (NYSE: HAE) released its financial results for the fourth quarter and fiscal year 2024, accessible on its Investor Relations website. The company will host a conference call and webcast to discuss the results. Links to the earnings release and analytical tables are available on the website.
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