Astronics Corporation (ATRO) has priced a private offering of $210 million aggregate principal amount of 0% convertible senior notes due 2031, with the offering 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 plans to use around $25.1 million of the net proceeds to enter into capped call transactions and approximately $177 million of the net proceeds, along with $108.8 million of debt, to repurchase around $132 million of its outstanding 5.500% convertible senior notes due 2030.

Read more at Nasdaq: Astronics Prices Private Offering Of $210 Mln Of Senior Notes