Latham & Watkins Advises Alphatec Holdings in its Upsized US$275 Million Convertible Senior Notes Offering

Alphatec Holdings, Inc. (Nasdaq: ATEC) has announced the pricing of its offering of US$275,000,000 aggregate principal amount of 0.75% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering size was increased from the previously announced offering size of US$250,000,000 aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on August 10, 2021, subject to customary closing conditions. Alphatec 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$41,250,000 principal amount of notes.

Latham & Watkins LLP represents Alphatec Holdings in the transaction with a corporate deal team led by San Diego partner Matt Bush and San Diego counsel Anthony Gostanian, with San Diego associate Rachel Staub. The convertible debt team was led by New York partner Greg Rodgers and Los Angeles partner Arash Aminian Baghai, with New York associate Ryan Gold. Advice was also provide on equity derivatives matters by New York partner Reza Mojtabaee-Zamani, with New York associate Marc Langer; and on tax matters by New York partner Elena Romanova, with New York associate Michael Syku.