ConMed closes $365m Buffalo Filter buy

ConMed (NSDQ:CNMD) said today that it closed its $365 million acquisition of Buffalo Filter from the Filtration Group.

Buffalo Filter develops and produces surgical smoke evacuation technologies, including smoke evacuation pencils, smoke evacuators and laparoscopic solutions, ConMed said.

Utica, N.Y.-based ConMed said that it funded the transaction through a combination of convertible notes and an expanded and amended credit facility.

Last month, ConMed priced a debt offering worth $300 million, saying it plans to use the proceeds to pay down some of its hedges and to cover the cost of an acquisition.

The post ConMed closes $365m Buffalo Filter buy appeared first on MassDevice.

from MassDevice http://bit.ly/2tiPSY8