Astronics Restructures Finances with Convertible Notes Issuance

Astronics ( (ATRO) ) has issued an announcement.

Astronics Corporation issued $165 million in 5.5% Convertible Senior Notes due 2030, with provisions allowing for conversion into common stock, subject to certain conditions and potential rate adjustments. The issuance helped repay a prior credit facility, underscoring the company’s strategic financial restructuring. The Notes, not registered under the Securities Act, were sold to qualified institutional buyers, reflecting a targeted approach to financing in the financial markets.

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