Astronics Corporation (ATRO) said on Thursday that it has priced a private offering of $210 million aggregate principal amount of 0% convertible senior notes due 2031. The offering is expected to close on September 16.
The company has also granted the initial purchasers of the notes an option to purchase up to an additional $15 million of the notes.
Astronics intends to use around $25.1 million of the net proceeds from this offering to enter into the capped call transactions. In addition, it will utilize approximately $177 million of the net proceeds, together with $108.8 million of debt, to repurchase around $132 million of its outstanding 5.500% convertible senior notes due 2030.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.