Aerojet Rocketdyne Holdings, Inc. (NYSE:GY) Files An 8-K Other Events
Item 8.01. Other Events
On December 8, 2016, Aerojet Rocketdyne Holdings, Inc. (Aerojet)
issued a press release announcing the pricing of its offering of
$260 million aggregate principal amount of convertible senior
notes due 2023 in a private placement to qualified institutional
buyers to Rule144A under the Securities Act of 1933, as amended.
The aggregate principal offering amount was increased from the
previously announced offering size of $200,000,000. The notes
will have an interest rate of 2.25%. The closing is expected to
occur on December 14, 2016, subject to customary closing
conditions. Aerojet has granted the initial purchasers of the
notes the option, exercisable within 30 days, to purchase up to
an additional $40 million aggregate principal amount of the notes
solely to cover over-allotments, if any. A copy of the press
release is attached hereto as Exhibit99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description |
| 99.1 | Press Release dated December 8, 2016. |
About Aerojet Rocketdyne Holdings, Inc. (NYSE:GY)
Aerojet Rocketdyne Holdings, Inc., formerly GenCorp, Inc., is a manufacturer of aerospace and defense products and systems. The Company develops and manufactures propulsion systems for defense and space applications, and armaments for precision tactical and long-range weapon systems applications. The Company operates in two segments: Aerospace and Defense, and Real Estate. The Aerospace and Defense segment consists of the operations of Aerojet Rocketdyne, Inc., which is a technology-based designer, developer and manufacturer of aerospace and defense products and systems for the United States government, including the Department of Defense, National Aeronautics and Space Administration, aerospace and defense prime contractors, as well as portions of the commercial sector. The Real Estate segment includes the activities of its subsidiary Easton Development Company, LLC, which is engaged in activities related to the re-zoning, entitlement, sale and leasing of excess real estate assets. Aerojet Rocketdyne Holdings, Inc. (NYSE:GY) Recent Trading Information
Aerojet Rocketdyne Holdings, Inc. (NYSE:GY) closed its last trading session at 20.80 with shares trading hands.