BRAINTREE, Mass., March 8, 2011 (GLOBE NEWSWIRE) -- Altra Holdings, Inc. (Nasdaq:AIMC) today announced that, in connection with its previously completed offering of $75 million aggregate principal amount of 2.75% Convertible Senior Notes due 2031 (the "Notes"), the initial purchasers have fully exercised the over-allotment option and have purchased an additional $10 million aggregate principal amount of the Notes. The notes were sold in a private offering to certain qualified institutional buyers pursuant to Rule 144A of the Securities Act of 1933, as amended (the "Securities Act"). The net proceeds from the exercise of the over-allotment option, after deducting the initial purchasers' discount and the estimated offering expenses payable by Altra Holdings, were approximately $9.7 million. Altra Holdings' net proceeds from the $85 million aggregate principal amount of the Notes (including the exercise of the over-allotment option) were approximately $82 million, after deducting the initial purchasers' discounts and estimated offering expenses.
Altra Holdings, Inc. Announces Exercise Of Over-Allotment Option
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