Latham & Watkins Advises ATEC on Upsized US$350 Million Convertible Senior Notes Offering

Alphatec Holdings, Inc. (Nasdaq: ATEC), a provider of innovative solutions dedicated to revolutionizing the approach to spine surgery, has announced the pricing of its offering of US$350 million aggregate principal amount of 0.75% convertible senior notes due 2030 (the notes) 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$300 million aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on March 7, 2025, subject to customary closing conditions. ATEC 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$55 million principal amount of notes.

Latham & Watkins LLP advised Alphatec Holdings in the offering with a corporate team led by San Diego partner Matt Bush and counsel Anthony Gostanian, with associates Rachel Staub, Zach Kobayashi; and a convertible debt team led by New York/ Los Angeles partner Greg Rodgers and Los Angeles partner Arash Aminian Baghai, with associates Ryan Gold and Andrew Bentz. Advice was also provided on equity derivatives by New York partner Reza Mojtabaee-Zamani, with associates Shawn Noh and Daniel Weiss; and on tax matters by New York partners Elena Romanova and Aaron Bernstein, with associate Farrah Yan.