Convertible notes are often seen positively as they offer investors the option to convert debt into equity at a later date, usually at a premium to the current stock price. This can be attractive to investors looking for both the security of fixed income and the upside potential of equity. Given the size of the offering and the moderate interest rate, this move could be seen as a vote of confidence in LivaNova's future growth prospects, potentially leading to a short-term positive impact on its stock price.