BRAINTREE, Mass., Feb. 28, 2011 (GLOBE NEWSWIRE) -- Altra Holdings, Inc. (Nasdaq:AIMC), a leading global supplier of clutch brakes, couplings, gearing, belted drives and power transmission components, today announced its intention to offer, subject to market and other conditions, $75 million aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers pursuant to Rule 144A of the U.S. Securities Act of 1933, as amended (the "Securities Act"). Altra Holdings also expects to grant a 13-day option to the initial purchasers of the notes to purchase up to an additional $10 million aggregate principal amount of notes solely to cover over-allotments, if any.
Altra Holdings, Inc. Announces Proposed Convertible Senior Note Offering
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