OPKO Health holders may convert 3% notes due 2033 through June 30

By Tali Rackner

Norfolk, Va., April 1 – OPKO Health, Inc. said its 3% convertible senior notes due 2033 are convertible though June 30, according to a press release.

The conversion right was triggered because the company’s common stock closed over $9.19, or 130% of the initial conversion price of $7.07, for at least 20 of 30 consecutive trading days ending March 31.

The conversion rate will be 141.4827 shares of the company’s common stock for each $1,000 principal amount of notes.

The company’s shares (NYSE: OPK) were at $14.06 at the time of production on Wednesday.

Wells Fargo Bank, NA is the trustee and conversion agent.

OPKO is a health care company based in Miami.

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