Alliant Techsystems to redeem all $279.76 million 2.75% convertibles

By Marisa Wong

Madison, Wis., Sept. 13 - Alliant Techsystems Inc. announced that it will redeem all $279,763,000 of its outstanding 2.75% convertible senior subordinated notes due 2024 on Oct. 14.

The notes will be redeemed for cash at par plus any accrued interest up to, but not including, the redemption date.

The conversion rate of the notes as of Monday is 12.5843 shares of Alliant common stock for each $1,000 principal amount of notes.

Holders may convert the notes at any time prior to the close of business on Oct. 12.

Alliant is a Minneapolis-based aerospace and defense company.

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