Merit Medical Systems sold an additional 675,000 common shares in an underwritten public offering after underwriters exercised their overallotment option.

All in all, Merit Medical sold 5,175,000 common shares raising $136.5 million in 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.