11:12 AM EST, 12/16/2024 (MT Newswires) -- LeMaitre Vascular ( LMAT ) said Monday it plans a private offering of $150 million of convertible senior notes due Feb. 1, 2030.

The company expects to grant an overallotment option to the initial note purchasers to acquire up to an additional $22.5 million of the notes.

LeMaitre said it plans to use the net proceeds for working capital and other general purposes.

The company's shares were down 7.2% in recent trading.

Price: 93.47, Change: -7.22, Percent Change: -7.18