Altra plans to offer $200 million senior notes

New York, Nov. 10 - Altra Holdings, Inc. plans to raise at least $200 million for the sale of senior notes.

The offering is a condition to completing a tender offer for subsidiary Altra Industrial Motion, Inc.'s $205.3 million of 9% senior secured notes due 2011.

The early tender deadline is Nov. 24 and the tender ends at midnight ET on Dec. 9.

Jefferies & Co., Inc. and Banc of America Securities LLC are dealer managers for the tender.

Altra is a Braintree, Mass., maker of electromechanical power transmission products.

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