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OPKO Health, Inc. says its bondholders can now convert their notes into stock.

New sharesRead the original at SEC EDGAR
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OPKO made about $121 million of notes convertible, with payment in shares. This could spread ownership across more shares, but converted notes would no longer be debt, so the filing points both ways.

OPK · OPKO Health, Inc.

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If holders convert, OPKO would not need to repay those notes in cash. The shares issued would give current owners a smaller portion of the company. The filing does not say how much debt holders will convert, so these effects point in different directions.

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