UpHealth, a global digital health company delivering technology platforms, infrastructure, and services to modernize care delivery and health management, said it sold $67.5 million in a new series of variable rate convertible senior secured notes due Dec. 15, 2025, raising $22.5 million in cash proceeds after paying for a repurchase of $45 million of its 6.25% convertible senior notes due 2026.
The 2025 notes are convertible into shares of UpHealth common stock at a conversion price of $1.75 per share, which represents a 101% premium over the most recent closing price. Oppenheimer & Co. served as exclusive placement agent for the 2025 notes. Read more.
