Convertibles Calendar: Altair on tap

June 9

ALTAIR ENGINEERING INC.:

• $200 million five-year convertible notes

• Greenshoe of $30 million

• Coupon of 1.25% to 1.75% and initial conversion premium of 25% to 30%

• Non-callable for three-years then subject to a 130% hurdle

• Rule 144A

• J.P. Morgan Securities LLC

• Fund the purchase of the 0.25% notes and for other corporate purposes, which may include potential acquisitions or strategic transactions and the repurchase of common stock

• Troy, Mich.-based artificial intelligence software company

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.