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Merit Medical closes common stock offering

Merit Medical Systems Inc. closed its underwritten public offering of 5,175,000 common shares at $28.25 per share.

The shares sold included the full exercise of the underwriters' option to buy additional shares.

Net proceeds from the offering were about $136.5 million. The company expects to use the net proceeds to repay debt under its existing credit facility.

BofA Merrill Lynch and Piper Jaffray acted as the joint book-running managers and representatives of the underwriters in the offering. Wells Fargo Securities acted as the joint book-running manager, with Canaccord Genuity, Raymond James and SunTrust Robinson Humphrey acting as co-managers.