secwatch.observer — SEC 8-K summary
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Issuer:     Air Transport Services Group, Inc. (—)
CIK:        0000894081
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0001193125-23-213518
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ATSG issues $400M convertible notes at 3.875%, uses proceeds to repurchase stock and retire 2024 notes
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- Issued $400M aggregate principal of 3.875% convertible senior notes due 2029; conversion price approx. $31.96 per share.
- Used $118.5M of net proceeds to repurchase 5,435,777 common shares, including 1,177,000 from Amazon.
- Used $204M to repurchase $204.5M of 2024 convertible notes in privately-negotiated transactions.
- Entered into agreements to unwind existing call spread transactions, receiving net approx. $1.27M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/894081/000119312523213518/0001193125-23-213518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/894081/000119312523213518/d763607d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-213518

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer