Triumph Group 2.625% convertible senior notes convertible to March 31

By Tali David

Minneapolis, Jan. 3 - Triumph Group, Inc. announced that its 2.625% convertible senior subordinated notes due 2026 are convertible effective Jan. 1 at the option of holders and will remain convertible through March 31.

The notes became convertible because the company's closing common stock price was greater than or equal to 130% of the conversion price in effect for at least 20 trading days during the 30 consecutive trading days ended Dec. 31.

Triumph's stock closed at $58.90 on Jan. 3.

Triumph is a Wayne, Pa.-based designer, engineer, manufacturer and repairer of aircraft components and accessories.

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