Astronics announces $150M convertible senior notes offering due 2030

ASTRONICS CORP

$150M aggregate principal of senior unsecured notes due March 15, 2030; initial purchasers option for additional $15M.
Conversion terms: convertible upon certain conditions before Dec 15, 2029, then any time; settlement in cash, stock, or combination at Astronics' election.
Net proceeds to repay all outstanding term loan borrowings and a portion of revolving credit facility borrowings.
Credit facility amended: borrowing capacity increased to $220M from $200M; interest rate margin increased by 0.25%.
Interest rate, conversion rate to be determined at pricing; offering to qualified institutional buyers under Rule 144A.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.