TFX news

Teleflex reported second-quarter 2026 revenue of $570.3 million, up 28.9%, but lowered and adjusted guidance for the full year. The company completed the sale of its OEM business and partnered on a $250 million accelerated share repurchase program.

Teleflex completed the $1.5B cash divestiture of its OEM business to Montagu and Kohlberg, marking a strategic milestone and strengthening financial flexibility. The company intends to use net proceeds primarily for $800M debt reduction and a $1B share repurchase program.

Teleflex announced pricing of $500 million in 5.875% senior notes due 2032 at par value, with closing expected June 15, 2026. The company plans to use proceeds to redeem all outstanding 4.625% senior notes due 2027, refinancing maturing debt at a higher rate.

Teleflex Inc. executed a credit agreement dated May 26, 2026 with JPMorgan Chase Bank as administrative agent and a syndicate of major lenders. The facility provides liquidity for operations and general corporate purposes.