Integra Prices $450M Senior Secured Notes at 9.5% in Refinancing
IART sits 54% above its 52-week low of $8.7.
Summary
Integra priced $450M of 9.500% senior secured notes due 2033 as part of a refinancing, with the effective interest rate increase expected near the high end of the previously guided 100–200 bps range.
Key Events · Financing and Capital Events · IART
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$450M Notes Priced at 9.500%
Integra priced $450 million aggregate principal amount of 9.500% senior secured notes due 2033 in a private placement to qualified institutional buyers.
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Interest Expense to Rise Near High End
The notes' rate combined with other refinancing elements is expected to push the effective interest rate increase near the high end of the previously communicated 100–200 basis point range.
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Refinancing Replaces Existing Credit Facilities
Net proceeds from the notes, together with borrowings under a new credit facility, will refinance existing credit facilities and pay related fees and expenses.
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Closing Expected October 19, 2026
The sale of the notes is expected to close on or about October 19, 2026, subject to customary closing conditions.
Analysis · IART · Industrial Applications And Services
Integra priced $450 million of 9.500% senior secured notes due 2033, the core piece of a broader refinancing that will replace its existing credit facilities. The company disclosed that the combined interest rate on the notes and other refinancing elements will land near the high end of the 100–200 basis point increase management previously flagged — meaning materially higher interest expense going forward. This comes just one week after Integra cut full-year 2026 guidance, so the higher debt costs add pressure to an already strained earnings outlook.
How filings like this one have moved
In the 30 days to Oct 9, 2026, 28.2% of the 1631 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, IART was trading at $13.44 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $1B. The 52-week trading range was $8.70 to $20.49. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.