Triumph Group 2.625% senior notes are convertible through June 30

By Toni Weeks

San Luis Obispo, Calif., April 1 - Triumph Group, Inc. announced in a press release that its 2.625% convertible senior subordinated notes due 2026 are convertible April 1 at the option of holders and will remain convertible through June 30.

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

Contingent interest will be payable for the period April 1 through Sept. 30, 2013, according to the release.

Triumph's stock (NYSE: TGI) closed at $78.50 on March 28.

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

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