Aerojet Rocketdyne Holdings, Inc. (NYSE:GY) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sales of Equity Securities.
From November 25, 2016 to January 9, 2017, Aerojet Rocketdyne Holdings, Inc. (the “Company”) issued 4.30 million shares of the Company’s common stock, par value $0.10 (the “Common Stock”), in connection with the conversion during that period of an aggregate of $38.67 million principal amount of the Company’s 4.0625% Convertible Subordinated Debentures due 2039 (the “Debentures”), which Debentures were surrendered for conversion to the terms of the indenture governing the Debentures. The conversion rate provided under the terms of the Debentures was 111.0926 shares of Common Stock per $1,000 principal amount of the Debentures, equivalent to a conversion price of approximately $9.00 per share of Common Stock. The issuance of Common Stock was made to the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), provided by Section 3(a)(9) of the Securities Act. As of January 9, 2017, the remaining balance of the Debentures was $2.88 million.
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.