Actuant says less than $100,000 of 2% convertibles due 2023 put back

By Angela McDaniels

Tacoma, Wash., Dec. 16 - Actuant Corp. said the holders of less than $100,000 of its $118 million of 2% convertible bonds due 2023 exercised their November put options.

In its earnings release for the fiscal first quarter ended Nov. 30, the company noted that the convertibles are next putable in November 2013, and they are now callable at par at any time.

Actuant is a Milwaukee-based diversified industrial company.

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