ARLINGTON, Tenn.--(BUSINESS WIRE)--Wright Medical Group, Inc. (NASDAQ: WMGI), a global orthopaedic medical device company, today announced the pricing of $175 million aggregate principal amount of Convertible Senior Notes due 2014 in an offering registered under the Securities Act of 1933, as amended. Wright has increased the size of the offering from the previously announced $150 million to $175 million. The notes will pay interest semiannually at a rate of 2.625% per annum. The notes will be convertible into shares of Wright’s common stock at an initial conversion rate of 30.6279 shares per $1,000 principal amount of the notes, which represents an initial conversion price of approximately $32.65 per share. Wright has granted the underwriters the right to purchase up to an additional $25 million aggregate principal amount of the notes.
