other material
confidence high
sentiment neutral
materiality 0.60
AZZ Inc. redeems all 240,000 shares of Series A Preferred Stock for $308.9M
AZZ INC
- Redeemed all 240,000 outstanding shares of 6.00% Series A Convertible Preferred Stock.
- Aggregate redemption price of $308,920,000 paid in cash.
- Dividends cease to accrue; shares no longer outstanding; all holder rights terminated except to receive payment.
- Conversion rights and other terms of Series A Preferred Stock extinguished upon redemption.