- Aerojet Rocketdyne ( NYSE: AJRD ) said Friday it will redeem all outstanding 2.25% convertible senior notes due 2023 on Sept. 19.
- As of Friday, ~$145.9M principal amount of the notes was outstanding.
- The notes will be redeemed at 100% of the aggregate principal amount, plus accrued and unpaid interest to (but excluding) the redemption date.
- The conversion rate of the notes as of Friday is 38.4615 shares per $1K principal amount of the notes, which is equivalent to a conversion price of $26/share.
For further details see:
Aerojet Rocketdyne to redeem all outstanding 2.25% convertible senior notes