Prospectus Supplement NO. 1

Filed pursuant to Rule 424(b)(3)

Registration No. 333-122364

 

PROSPECTUS SUPPLEMENT NO. 1

(To Prospectus dated April 17, 2005)

 

 

$150,000,000

CONMED CORPORATION

2.50% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2024

 

 

This prospectus supplement relates to the resales of our 2.50% Convertible Senior Subordinated Notes due 2024 issued in a private offering on November 10, 2004 and shares of our common stock issuable upon conversion of the notes.

 

This prospectus supplement, which supplements our prospectus dated April 17, 2005, contains additional information about the selling securityholders. This prospectus supplement is incorporated by reference into, and should be read in conjunction with, the prospectus, and is not complete without, and may not be delivered or utilized except in connection with, the prospectus, including any amendments or supplements to it.

 

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement. Any representation to the contrary is a criminal offense.

 

 

The date of this Prospectus Supplement is May 20, 2005

 

As used in this prospectus supplement, the terms “company”, “we”, “our” and “us” may, depending on the context, refer to CONMED Corporation.

 

 

You should rely only on the information contained in this prospectus supplement and the prospectus to which it refers. We have not authorized any other person to provide you with different or additional information. If anyone provides you with different or additional information, you should not rely on it. We are not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus supplement and the prospectus to which it refers is accurate only as of their respective dates.

 

 

Selling securityholders

 

We originally issued the notes in a private placement to UBS Securities LLC, Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. (the “initial purchasers”) on November 10, 2004. The notes were resold by the initial purchasers to qualified institutional buyers within the meaning of Rule 144A under the Securities Act in transactions exempt from registration under the Securities Act. The notes and the shares of common stock issuable upon the conversion of the notes that may be offered pursuant to this prospectus are being offered by the selling securityholders, which includes their transferees, distributees, pledgees or donees or their successors.

 

The following table sets forth information with respect to the selling securityholders and the principal amounts of notes beneficially owned by each selling securityholder that may be offered pursuant to this prospectus. The information is based on information provided by or on behalf of the selling securityholders on or prior to May 19, 2005. The selling securityholders may offer all, some or none of the notes or the common stock into which the notes are convertible. Because the selling securityholders may offer all or some portion of the notes or common stock, we cannot estimate the amount of the notes or the common stock that will be held by the selling securityholders upon termination of any of these sales. In addition, the selling securityholders identified below may have sold, transferred or otherwise disposed of all or a portion of their notes since the date on which they provided the information regarding their notes in transactions exempt from the registration requirements of the Securities Act. The percentage of notes outstanding beneficially owned by each selling securityholder is based on $150.0 million aggregate principal amount of notes outstanding.

 

The number of shares of common stock issuable upon conversion of the notes shown on the table below assumes conversion of the full amount of notes held by each selling securityholder at an initial conversion rate of 26.1849 shares of common stock per $1,000 principal amount of notes, after deduction of the payment in cash due pursuant to the terms of the Indenture and a cash payment in lieu of any fractional shares. See “Description of Notes—Conversion Rights—Payment upon Conversion.” This conversion price is subject to adjustment in certain events. Accordingly, the number of conversion shares may increase or decrease from time to time. The number of shares of common stock issuable upon conversion of the notes shown in the table below also assumes that we would satisfy our conversion obligation entirely with common stock. However, pursuant to the terms of the Indenture, we will satisfy in cash our conversion obligation with respect to the principal amount of the notes to be converted, with any remaining amount to be satisfied in shares of our common stock. Based on 29,307,032 shares of common stock outstanding on March 9, 2005, Fore Convertible Master Fund beneficially owns 1.78% of our outstanding common stock. Following the offering, Fore Convertible Master Fund will beneficially own 0% of our outstanding common stock. Information concerning other selling securityholders will be set forth in prospectus supplements or, if appropriate, post-effective amendments to the registration statement of which this prospectus is a part, from time to time, if required. The number of shares of common stock owned by the other selling securityholders or any future transferee

 

 

1

Selling securityholders

 

from any such holder assumes that they do not beneficially own any common stock other than common stock into which the notes are convertible.

 

              Number of Shares of Common Stock
  

Selling Securityholder(1)

   Principal Amount of
Notes
Beneficially Owned and
Offered Hereby(1)
   Percentage of
Notes
Outstanding
     Beneficially
Owned(1)(2)
     Offered Hereby
     Owned After
the Offering
  

AHFP Context

   $ 250,000   *     6,546     6,546     0  

Akela Capital Master Fund, Ltd.

     7,000,000   4.67 %   183,294     183,294     0  

Allstate Insurance Co.(6)

     3,500,000   2.33 %   97,413     91,647     5,766  

Aventis Pension Master Trust

     160,000   *     4,189     4,189     0  

BNP Paribas Equity Strategies, SNC(6)

     2,524,000   1.68 %   74,262     66,090     8,172  

Boilermakers Blacksmith Pension Trust

     1,100,000   *     28,803     28,803     0  

BP Amoco PLC Master Trust

     751,000   *     19,664     19,664     0  

BTOP Multi-Strategy Master Portfolio, Ltd. .

     450,000   *     11,783     11,783     0  

CALAMOS Convertible Fund—CALAMOS Investment Trust

     6,200,000   4.13 %   162,346     162,346     0  

CEMEX Pension Plan

     75,000   *     1,963     1,963     0  

CIBC World Markets

     9,750,000   6.50 %   255,302     255,302     0  

City of Knoxville Pension System

     160,000   *     4,189     4,189     0  

CNHCA Master Account, L.P.

     1,000,000   *     26,184     26,184     0  

Context Convertible Arbitrage Fund, LP

     1,650,000   1.10 %   43,205     43,205     0  

Context Convertible Arbitrage Offshore, Ltd.

     4,725,000   3.15 %   123,723     123,723     0  

CooperNeff Convertible Strategies (Cayman) Master Fund LP

     904,000   *     23,671     23,671     0  

DBAG London(6)

     4,000,000   2.67 %   104,739     104,739     0  

Delta Airlines Master Trust

     610,000   *     15,972     15,972     0  

Delta Pilots Disability and Survivorship Trust

     225,000   *     5,891     5,891     0  

DKR Sound Shore Strategic Holding Fund, Ltd.

     1,000,000   *     26,184     26,184     0  

Dorinco Reinsurance Company

     475,000   *     12,437     12,437     0  

Drawbridge Convertible I LTD

     500,000   *     13,092     13,092     0  

Drawbridge Convertible II LTD

     160,000   *     4,189     4,189     0  

Drawbridge Global Macro Master Fund LTD

     1,340,000   *     35,087     35,087     0  

Fore ERISA Fund, Ltd., (formerly known as Fore Plan Asset Fund Ltd)

     3,500,000   2.33 %   91,647     91,647     0  

Fore Convertible Master Fund

     20,000,000   13.33 %   523,698     523,698     0  

Fore Multi Strategy Master Fund

     8,000,000   5.33 %   209,479     209,479     0  

FrontPoint Convertible Arbitrage Fund, L.P.

     3,500,000   2.33 %   91,647 (4)   91,647 (4)   0 (4)

Grace Convertible Arbitrage Fund Ltd

     4,700,000   3.13 %   123,069     123,069     0  

 

 

2

Selling securityholders

 

              Number of Shares of Common Stock

Selling Securityholder(1)

   Principal Amount of
Notes
Beneficially Owned and
Offered Hereby(1)
   Percentage of
Notes
Outstanding
     Beneficially
Owned(1)(2)
   Offered Hereby
   Owned After
the Offering

Guggenheim Portfolio Company VIII (Cayman), Ltd(6)

   $ 2,500,000   1.67 %   65,462   65,462   0

Highbridge International LLC

     4,500,000   *     117,832   117,832   0

HFR CA Select Fund

     750,000   *     9,793   9,793   0

Hotel Union & Hotel Industry Of Hawaii Pension Plan

     198,000   *     5,184   5,184   0

Institutional Benchmarks Master Fund, Ltd.

     821,000   *     21,497   21,497   0

JMG Triton Offshore Fund Ltd

     500,000   *     13,092   13,092   0

KBC Financial Products USA Inc.(5)

     4,320,000   2.88 %   113,118   113,118   0

Kettering Medical Center Funded Depreciation Account

     55,000   *     1,440   1,440   0

Knoxville Utilities Board Retirement System

     70,000   *     1,832   1,832   0

Louisiana Workers’ Compensation Corporation

     210,000   *     5,498   5,498   0

Lyxor/Context Fund Ltd(6)

     800,000   *     20,947   20,947   0

Lyxor/Convertible Arbitrage Fund Limited

     374,000   *     9,793   9,793   0

Managers Convertible Securities—Convertible Securities Fund(6)

     250,000   *     6,546   6,546   0

Macomb County Employees’ Retirement System

     175,000   *     4,582   4,582   0

Man Mac I Limited

     10,000,000   6.62 %   261,849   261,849   0

McMahan Securities Co., LP

     750,000   *     19,638   19,638   0

National Bank of Canada(6)

     550,000   *     14,401   14,401   0

Oakwood Assurance Company, Ltd

     28,000   *     733   733   0

Oakwood Healthcare Inc.—OHP

     6,000   *     157   157   0

Oakwood Healthcare Inc., Endowment / A&D

     5,000   *     130   130   0

Oakwood Healthcare Inc. Funded Depreciation

     50,000   *     1,309   1,309   0

Oakwood Healthcare Inc Pension

     90,000   *     2,356   2,356   0

Port Authority of Allegheny County Consolidated Trust Fund

     30,000   *     785   785   0

Port Authority of Allegheny County Retirement and Disability Allowance Plan for the Employees Represented by Local 85 of the Amalgamated Transit Union

     360,000   *     9,426   9,426   0

Prisma Foundation

     90,000   *     2,356   2,356   0

Quattro Multistrategy Master Fund LP

     1,650,000   1.10 %   43,205   43,205   0

Quattro Fund Ltd

     9,350,000   6.23 %   244,828   244,828   0

Polaris Vega Fund L.P.

     5,200,000   3.47 %   136,161   136,161   0

 

 

3

Selling securityholders

 

              Number of Shares of Common Stock

Selling Securityholder(1)

   Principal Amount of
Notes
Beneficially Owned and
Offered Hereby(1)
   Percentage of
Notes
Outstanding
     Beneficially
Owned(1)(2)
   Offered Hereby
   Owned After
the Offering

Royal Bank of Canada (Norshield)(6)

   $ 400,000   *     10,473   10,473   0

Royal Bank of Canada(3)(6)

     4,000,000   2.67 %   104,739   104,739   0

S.A.C. Arbitrage Fund LLC

     1,000,000   *     44,884   26,184   18,700

San Diego County Employee Retirement Association

     2,500,000   1.67 %   65,462   65,462   0

SCI Endowment Care Common Trust Fund—National Fiduciary Services

     85,000   *     2,225   2,225   0

SCI Endowment Care Common Trust Fund—Suntrust Bank

     46,000   *     1,204   1,204   0

SCI Endowment Care Common Trust Fund—Wachovia

     20,000   *     523   523   0

Singlehedge Convertible

Arbitrage Fund

     266,000   *     6,965   6,965   0

Sphinx Convertible Arb Fund SPC

     595,000   *     15,580   15,580   0

SPT

     1,000,000   *     26,184   26,184   0

SSI Blended
Market Neutral L.P.

     240,000   *     6,284   6,284   0

SSI Hedged Convertible
Market Neutral L.P.

     375,000   *     9,819   9,819   0

Sterling Invest Co.

     750,000   *     19,638   19,638   0

Sturgeon Limited

     432,000   *     11,311   11,311   0

Sunrise Partners Limited Partnership(6)

     8,300,000   5.53 %   220,333   217,334   2,999

Teachers Insurance and Annuity Association of America(6)

     4,500,000   3.00 %   117,832   117,832   0

The California Wellness Foundation

     240,000   *     6,284   6,284   0

The City of Southfield Fire & Police Retirement System

     45,000   *     1,178   1,178   0

The Cockrell Foundation

     40,000   *     1,047   1,047   0

The Consulting Group Capital Markets Fund

     215,000   *     5,629   5,629   0

The Dow Chemical Company Employees’ Retirement Plan

     1,250,000   *     32,731   32,731   0

The Estate of James
Campbell 03394

     78,000   *     2,042   2,042   0

The Estate of James
Campbell 11222

     631,000   *     16,522   16,522   0

The Fondren Foundation

     40,000   *     1,047   1,047   0

UBS O’Connor LLC, f/b/o O’Connor Global Convertible Arbitrage Master Limited

     1,750,000   1.17 %   45,823   45,823   0

UBS Securities LLC(5)

     8,565,000   5.71 %   224,273   224,273   0

Union Carbide Retirement Account

     650,000   *     17,020   17,020   0

United Food and Commercial Workers Local 1262 and Employers Pension Fund

     370,000   *     9,688   9,688   0

Univar USA Inc. Retirement Plan

     200,000   *     5,236   5,236   0

 

 

4

Selling securityholders

 

              Number of Shares of Common Stock

Selling Securityholder(1)

   Principal Amount of
Notes
Beneficially Owned and
Offered Hereby(1)
   Percentage of
Notes
Outstanding
     Beneficially
Owned(1)(2)
   Offered Hereby
   Owned After
the Offering

Univest Convertible Arbitrage Fund II LTD (Norshield)

   125,000   *     3,273   3,273   0

Viacom Inc. Pension Master Trust

   51,00   *     1,335   1,335   0

Zazove Convertible Arbitrage Fund, L.P.

   6,700,000   4.47 %   175,438   175,438   0

Zazove Hedged

Convertible Fund, L.P.

   2,000,000   1.33 %   52,369   52,369   0

Zazove Income Fund, L.P.

   1,000,000   *     26,184   26,184   0
   
 
 
 
 
*   Less than 1%.
(1)   Information regarding the selling securityholders may change from time to time. Any such changed information will be set forth in supplements to this prospectus if and when necessary.
(2)   Assumes conversion at an initial conversion rate of 26.1849 shares of common stock per $1,000 principal amount of notes, after deduction of the payment in cash pursuant to the terms of the indenture and a cash payment in lieu of any fractional shares. However, this conversion price is subject to adjustment and, as a result, the amount of common stock issuable upon conversion of the notes may increase or decrease in the future.
(3)   We have a lending relationship with RBC Capital Markets Corp., an affiliate of Royal Bank of Canada.
(4)   This number does not reflect the fact that this selling securityholder has sold short 55,700 shares.
(5)   This selling securityholder is a broker-dealer.
(6)   This selling securityholder is an affiliate of a broker-dealer.

 

 

5