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Atlas Air Worldwide Holdings (AAWW) Is Falling After Note Offering

Atlas Air Worldwide Holdings (AAWW) announced after the bell Tuesday that it plans to offer up to $250 million aggregate principal amount of its convertible senior notes due 2024 in an underwritten public offering.

Atlas Air Worldwide gapped open lower Wednesday morning and has continued to fall in early trade. Shares are now down 3.05 at $46.60 on above average volume. The stock has been pulling back from the highs of the year since late April and has set a 6-month low.

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