Alliant redeems nearly all 2.75% convertibles; holders convert $28,000

By Susanna Moon

Chicago, Oct. 14 - Alliant Techsystems Inc. said it repurchased $279,735,000 principal amount of its outstanding 2.75% convertible senior subordinated notes due 2024.

Holders of the remaining $28,000 principal amount of notes have elected to convert the notes.

Alliant said it paid $280,995,750 to redeem the notes, including accrued interest.

The Bank of New York Mellon Trust Co., NA is trustee.

The company announced on Sept. 13 that it would redeem all $279,763,000 of the notes on Oct. 14.

The conversion rate was 12.5843 shares of Alliant common stock for each $1,000 principal amount of notes.

Holders could convert the notes until the close of business on Oct. 12.

The company's stock (NYSE: ATK) closed at $74.50 on Oct. 11.

Alliant is a Minneapolis-based aerospace and defense company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.