Altair Engineering (ALTR) Plans Offering of Convertible Senior Notes

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Go back to Altair Engineering (ALTR) Plans Offering of Convertible Senior Notes

Altair Announces Proposed Offering of Convertible Senior Notes

June 4, 2019 4:29 PM EDT

TROY, Mich., June 04, 2019 (GLOBE NEWSWIRE) -- Altair Engineering Inc. (Nasdaq: ALTR) (Altair) today announced that it intends to offer, subject to market and other conditions, $175 million aggregate principal amount of convertible senior notes due 2024 (the Notes) in an underwritten offering registered with the Securities and Exchange Commission (the SEC).  The Notes will be convertible into cash and/or shares of Altairs Class A common stock at Altairs election. The interest rate, conversion price and other terms of the Notes are to be determined upon pricing of the offering. In addition, Altair expects to... More