** Shares of medical device contract development firm Integer Holdings ITGR.N fall 2.6% to $115.28
** Late Thursday, ITGR priced its upsized offering of $875 million convertible bonds due 2030
** The previous offering size was $750 million
** Initial conversion price of $150.96 represents 27.5% premium to stock's last close
** ITGR plans to use the proceeds to pay for capped calls, debt repayment and to issue shares in exchange for portion of its existing 2.125% convertible bonds due 2028
** Capped call is a derivative used to increase the share price at which the bonds are converted to stock
** Eight of 10 brokerages rate the stock "buy" or higher and two "hold"; median PT is $154.50 - data compiled by LSEG
** ITGR stock down 12.3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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