Envista Holdings Corporation (NYSE: NVST) (Envista) announced the pricing of its offering of US$435 million in aggregate principal amount of its 1.75% Convertible Senior Notes due 2028 (the notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The issuance and sale of the notes are scheduled to settle on August 10, 2023, subject to customary closing conditions. Envista also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$65.25 million aggregate principal amount of notes.
Latham & Watkins LLP advised the initial purchasers in the transaction with a capital markets team led by New York/Los Angeles partner Greg Rodgers and New York partner Benjamin Cohen, with associates Ryan Gold, Carolina Bernal, and Alexandra Gulino. Advice was also provided on tax matters by New York partner Elena Romanova, with associate Farrah Yan, and on derivatives matters by New York partner Catherine Lee, with associate Ariel Robbins-Rothman.