iRhythm files to sell $450M of convertible senior notes due 2029

iRhythm Technologies announced that it intends to offer, subject to market conditions and other factors, $450M aggregate principal amount of Convertible Senior Notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. iRhythm also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period from, and including, the date on which the notes are first issued, up to an additional $67.5M aggregate principal amount of notes.