ASTRONICS closes $225 million convertible notes offering, retires debt
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Astronics Corporation Announces Closing of $225 Million of 0% Convertible Notes Offering
September 16, 2025 4:10 PM EDTIssued $225 million of 0% coupon convertible notes due 2031; proceeds used in part to retire approximately $132 million principal amount of 5.5% convertible notes due 2030 Purchased a capped call overlay resulting in effective conversion price of $83.4051, which represents an approximately 90% premium over the $43.8974 volume-weighted average price of Astronics common stock on September 10, 2025
EAST AURORA, N.Y.--(BUSINESS WIRE)-- Astronics Corporation... More
