Wright Medical Group Inc. (WMGI) to Issue $400 million Convertible Senior Note

Wright Medical announced it intends to issue $400 million 2.25% convertible notes due 2020. The bonds have a bullet maturity and price talk carries a 20% premium. Clearly, the new bonds should meet with investor demand based on much improved optics compared the company’s existing 2%, 2017 bonds. The HOCS slash line on the issue is... 

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