Altair announces sale of $230 million aggregate principal amount of convertible senior notes

Troy, mich., june 24, 2022 (globe newswire) -- altair engineering inc. (nasdaq: altr) (“altair”) today announced the closing of its private offering of convertible senior notes and the exercise in full of the initial purchaser's option to purchase additional convertible senior notes. at a closing on june 14, 2022, altair sold $200 million aggregate principal amount of 1.750% convertible senior notes due 2027 and at a closing on june 24, 2022, altair sold an additional $30 million aggregate principal amount of such notes upon the initial purchaser's exercise in full of its option.
ALTR Ratings Summary
ALTR Quant Ranking