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Alliant to use offering proceeds to redeem 2.75% convertibles due 2024
By Devika Patel
Knoxville, Tenn., Sept. 8 - Alliant Techsystems Inc. said it will use about $280 million of the proceeds from a $300 million public offering of senior subordinated notes to redeem all its outstanding 2.75% convertible subordinated notes due 2024.
Alliant is a Minneapolis-based aerospace and defense company.
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