08:04 AM EDT, 06/14/2024 (MT Newswires) -- Glaukos ( GKOS ) said Friday that it entered into exchange agreements with certain holders of its 2.75% convertible senior notes due 2027 to repurchase $230 million of the notes in exchange for its common stock.

The number of shares to be issued will be determined over an averaging period starting Friday, according to the company. The exchange transactions are expected to close on or about June 25, Glaukos ( GKOS ) said.