Wright Medical Group, Inc. Announces Proposed Offering of $150 Million Convertible Senior Notes Due 2014

ARLINGTON, Tenn.--(BUSINESS WIRE)--Wright Medical Group, Inc. (NASDAQ: WMGI), a global orthopaedic medical device company, today announced that it has filed a registration statement on Form S-3 with the Securities and Exchange Commission in connection with a proposed offering, subject to market and other considerations, of $150 million aggregate principal amount of Convertible Senior Notes due 2014. Wright has granted the underwriters the right to purchase up to an additional $22.5 million aggregate principal amount of the notes. The interest rate, conversion rate and other terms of the notes will be determined by negotiations between Wright and the underwriters. The registration statement automatically became effective upon filing because the company is a well-known seasoned issuer.