Triumph Group's 2.625% notes remain convertible for another quarter

By Susanna Moon

Chicago, July 5 - Triumph Group, Inc. said holders may continue to convert its 2.625% convertible senior subordinated notes due 2026 through the end of September.

The notes remain convertible because the company's stock closed at or above 130% of the conversion price for 20 out of 30 consecutive trading days ending June 30.

The company's shares (NYSE: TGI) closed at $99.58 on June 30.

The notes became convertible on Jan. 1 and were convertible through June 30.

Triumph is a Wayne, Pa.-based designer, engineer, manufacturer and repairer of aircraft components and accessories.

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