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Natera 8-K Report, Corporate Update (Jul 22, 2024)

Reports
Other Events
Filing Date
Filed July 22, 2024
Period End
July 19, 2024
Security
NTRA
In the record · 2016–202610-K1110-Q348-K105

NTRA filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 105 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Aug ’17Aug ’17
  2. Material agreement8-K · May ’20May ’20
  3. Leadership change8-K · Aug ’22Aug ’22
  4. Leadership change8-K · Jul ’26Jul ’26

01—Abstract

Summary

Summary of the 8-K filed July 22, 2024. Cited figures are marked; the original filing is the authoritative source.

Natera, Inc. filed a Form 8-K dated July 19, 2024 reporting under Item 8.01 (Other Events) that it has elected to exercise its optional redemption right to redeem all of its outstanding 2.25%a Convertible Senior Notes due 2027.

The aggregate principal amount being redeemed is $287,500,000b (about $287.5 million). The company instructed Wilmington Trust, National Association, the trustee under the indenture governing the Notes, to issue a redemption notice to registered holders. The redemption date is October 11, 2024, and the redemption price equals 100% of the principal amount plus accrued and unpaid interest to, but excluding, the redemption date.

For investors, the filing is a debt-management event: the convertible notes will be fully retired at par plus accrued interest, removing that outstanding obligation from the capital structure. The filing itself does not state the company's rationale, funding source, or any financial impact beyond these terms.

02—Key points

Key Highlights

  1. Natera elected to redeem all $287.5 million aggregate principal amount of its 2.25% Convertible Senior Notes due 2027.
  2. The redemption election was made on July 19, 2024, with the trustee instructed to send a redemption notice to registered holders.
  3. The Redemption Date is October 11, 2024.
  4. The redemption price is 100% of principal plus accrued and unpaid interest to, but excluding, the Redemption Date.
  5. Wilmington Trust, National Association, serves as trustee under the indenture governing the Notes.
  6. The filing was signed by Michael Brophy, Chief Financial Officer, and dated July 19, 2024.

03—Questions

Frequently Asked Questions

  1. What is being redeemed?

    Natera is redeeming all outstanding 2.25% Convertible Senior Notes due 2027, with an aggregate principal amount of $287,500,000.

  2. When will the notes be redeemed?

    The date fixed for redemption is October 11, 2024.

  3. How much will holders receive?

    Holders will receive 100% of the principal amount of the notes plus accrued and unpaid interest to, but excluding, the Redemption Date.

  4. Who is handling the redemption?

    Wilmington Trust, National Association, the trustee under the indenture governing the Notes, is issuing the redemption notice to registered holders.

  5. Does the filing explain why the company is redeeming the notes?

    No. The filing states only that the company elected to exercise its optional redemption right and does not give a reason, funding source, or financial effect.

04—Continue

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