Altra Industrial’s 2.75% convertibles are convertible through Sept. 30

By Tali Rackner

Norfolk, Va., July 29 – Altra Industrial Motion Corp. said its 2.75% convertible senior notes due March 1, 2031 are convertible through Sept. 30, according to a 10-Q filing with the Securities and Exchange Commission.

The notes are convertible because the last sale price of Altra Industrial’s common stock for at least 20 trading days within 30 consecutive trading days ended June 30 exceeded 130% of the conversion price of the company’s common stock, which was $26.93, on the last trading day during that period.

Altra is a Braintree, Mass-based company that designs, produces and markets mechanical power transmission and motion control products.

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