Opko Health notes become convertible through Dec. 31, with company to settle conversions in stock
OPK•Opko Health’s 3.75% convertible senior notes due 2029 are convertible through Dec. 31, 2026, and the company elected to settle conversions in common shares; about $121 million principal remains outstanding.
1. Conversion terms
The conversion right was triggered after Opko Health common stock closed above $1.495 for at least 20 of 30 trading days. Each $1,000 principal amount converts into 869 shares, subject to early conversion provisions.
