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Merit Medical sells additional shares in common stock offering

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.