ConvaTec Healthcare announced plans to refinance its senior secured and mezzanine debt facilities.
The Skillman, N.J.-based medical device maker said the restructuring will cover "substantially all of the company’s debt," and take place through a combination of new secured credit facilities and an "offering of one or more series of new notes."
The company also recently appointed 15-year veteran Bradford Barton as president of ConvaTec U.S.
With the promotion, Barton took over the ConvaTec U.S. unit of the company across its three business areas of ostomy care, wound therapeutics, continence and critical care, according to a ConvaTec statement.
The appointment means Barton joins the company’s executive committee. His most recent role for ConvaTec was vice president of its North American wound therapeutics business.