secwatch.observer — SEC 8-K summary
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Issuer:     Air Transport Services Group, Inc. (—)
CIK:        0000894081
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0000950103-25-004720
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 2.03, 2.04, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stonepeak completes $3.1B acquisition of ATSG; stockholders receive $22.50/share
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- All-cash transaction closed April 11, 2025; ATSG shareholders receive $22.50 per share, enterprise value ~$3.1B.
- ATSG common stock ceased trading on NASDAQ; company will file Form 15 to terminate SEC reporting obligations.
- New $1.5B term loan and $400M revolving credit facility put in place; $500M 7.25% senior secured notes due 2032 issued.
- All prior directors resigned; Joseph C. Hete reappointed to board of surviving company.
- Holders of $400M 3.875% convertible notes due 2029 may require repurchase at $1,009.04 per $1,000 principal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894081/000095010325004720/0000950103-25-004720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894081/000095010325004720/dp227549_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-004720

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