Alliant Techsystems buys back 99.4% of 8½% notes

By Angela McDaniels

Seattle, March 29 - Alliant Techsystems Inc. said it repurchased 99.4%, or $397,404,000, of its outstanding 8½% senior subordinated notes due 2011 during a tender offer that expired at midnight ET on Tuesday.

Noteholders who tendered will receive $1,047.44 per $1,000 principal amount of notes, which includes interest accrued up to but excluding the payment date and a consent payment of $30.00 per $1,000 principal amount of notes for noteholders who delivered their consent by March 14, the consent deadline.

The Minneapolis-based weapon and space systems company began the tender offer for the notes, of which there were $400 million outstanding, on March 1.

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