Teleflex Incorporated (TFX) reported that on June 15, 2026, it issued $500 million aggregate principal amount of 5.875% senior notes due January 2032, creating a new direct financial obligation for the company. The notes were issued under an indenture dated the same day among Teleflex, the guarantors named in the agreement, and U.S. Bank Trust Company, National Association, acting as trustee. The notes carry a 5.875% annual interest rate, with interest payable semiannually on January 15 and July 15 of each year. The first interest payment is scheduled for January 15, 2027, and the notes mature on January 15, 2032. Teleflex disclosed the financing under Item 1.01, “Entry into a Material Definitive Agreement,” and Item 2.03, “Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.” The notes are senior unsecured obligations of Teleflex and are guaranteed fully and unconditionally, jointly and severally, by each existing and future wholly owned domestic subsidiary that guarantees or is otherwise obligated under the company’s credit agreement and certain other indebtedness. The notes and guarantees rank equally in right of payment with Teleflex’s existing and future senior obligations, including its 4.25% senior notes due 2028. They rank senior to any future subordinated debt, but are effectively subordinated to secured debt, including outstanding term loans and revolver borrowings under Teleflex’s credit agreement, to the extent of the value of collateral securing that debt. They are also structurally subordinated to liabilities of subsidiaries that do not guarantee the notes. Teleflex may redeem the notes before January 15, 2029, at a make-whole redemption price based on the greater of 1.0% of principal or a treasury-rate-based present value calculation, plus accrued and unpaid interest. Beginning January 15, 2029, the company may redeem the notes at fixed prices: 102.938% of principal during the 12-month period beginning January 15, 2029; 101.469% during the period beginning January 15, 2030; and 100.000% from January 15, 2031, onward, in each case plus accrued and unpaid interest. The indenture also allows Teleflex, before January 15, 2029, to redeem up to 40% of the aggregate principal amount of the notes using net cash proceeds from one or more equity offerings. That redemption would be at 105.875% of principal plus accrued and unpaid interest, provided that at least 60% of the original aggregate principal amount remains outstanding immediately afterward and that the redemption occurs within 120 days after the relevant equity offering closes. The notes include a change-of-control protection for investors. If Teleflex experiences certain change-of-control events together with a downgrade in the notes’ ratings, the company must offer to repurchase the notes at 101% of principal plus accrued and unpaid interest to, but not including, the repurchase date. The indenture contains customary covenants restricting Teleflex and its subsidiaries from creating certain liens, entering into sale-leaseback transactions, and merging, consolidating, selling, or otherwise disposing of substantially all of the company’s assets, subject to exceptions. It also includes events of default that could cause the principal and accrued interest on the notes to become immediately due and payable. Teleflex filed the indenture and the form of the 5.875% senior notes due January 2032 as exhibits to the report. The filing was signed on June 15, 2026, by Daniel V. Logue, Corporate Vice President, General Counsel and Secretary.