---
schema_version: "secwatch.filing_event.v1"
accession: "0000008063-24-000069"
form_type: "8-K"
ticker: "ATRO"
cik: "0000008063"
company_name: "ASTRONICS CORP"
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T10:39:43.280169+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Astronics issues $165M 5.5% convertible notes due 2030, repays $54.9M term loan

## Summary
- Issued $165M aggregate principal of 5.500% Convertible Senior Notes due 2030, including $15M from full exercise of initial purchasers' option.
- Initial conversion rate 43.6814 shares/$1,000 principal (~$22.89 per share); conversion value settled in cash, stock, or combination.
- Notes not redeemable before March 20, 2028; after that, redeemable if stock price ≥130% of conversion price for 20 of 30 trading days.
- Used portion of proceeds to repay ~$54.9M principal plus ~$1.8M call premium on Term Loan Facility with HSBC/Redwood Capital.
- Up to 9,369,674 shares of common stock may be issuable upon conversion, based on maximum conversion rate; not registered under Securities Act.

## SEC filing metadata
- accession: 0000008063-24-000069
- form_type: 8-K
- ticker: ATRO
- cik: 0000008063
- company_name: ASTRONICS CORP
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8063/000000806324000069/0000008063-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8063/000000806324000069/atro-20241203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008063-24-000069
- JSON: https://secwatch.observer/filing/0000008063-24-000069.json
- Plain text: https://secwatch.observer/filing/0000008063-24-000069.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.