By AuntMinnie.com staff writers

March 21, 2017 -- Disposable products developer Merit Medical Systems has started an underwritten public offering of shares of its common stock.

The firm expects to offer $125 million of shares of common stock and also plans to grant the underwriters participating in the offering a 30-day option to buy up to an additional $18.75 million of shares of common stock.

The firm expects to use net proceeds from the offering to repay debt under its existing credit facility.

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