NEW YORK ─ Luminex said on Friday that it has priced a $260 million offering of 3 percent convertible senior notes due in 2025.
The firm expects the senior notes will generate about $218.3 million in proceeds after deducting estimated placement agent's fees, the net cost of bond hedge and warrant transactions, and estimated offering expenses. The initial conversion rate is 22.8918 shares of common stock per $1,000 principal amount of the convertible notes, equivalent to an initial conversion price of about $43.68 per share of Luminex's common stock.