Alliant Techsystems amends 2.75%, 3% convertibles

New York, Oct. 27 - Alliant Techsystems Inc. amended its 2.75% convertible senior subordinated notes due 2024 and 3% convertible senior subordinated notes due 2024 so that it will now pay the principal amount in cash if the notes are converted.

Any value above the principal amount will be paid in cash, stock or a combination, at Alliant Techsystems' option.

The company issued $280 million of the 2.75% convertibles in February and $200 million of the 3% convertibles in August.

Both convertibles have a contingent conversion threshold of 130%.

Alliant Techsystems is an Edina, Minn., advanced weapons and space systems company.

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