ALTRA INDUSTRIAL MOTION CORP. (NASDAQ:AIMC) Files An 8-K Other EventsItem 8.01. Other Events.
On December 12, 2016, Altra Industrial Motion Corp. (the “Company”) issued a press release announcing that the Company gave notice to The Bank of New York Mellon Trust Company, N.A., the Trustee, under the Indenture governing the Company’s 2.75% Convertible Senior Notes due 2031 (the “Notes”), of its intention to redeem all of Notes outstanding on January 12, 2017 (the “Redemption Date”), to the optional redemption provisions in the Indenture. The redemption price for the Notes will be 50% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the Redemption Date plus a Make-Whole Premium equal to the present values of the remaining scheduled payments of interest on any Notes through March 1, 2018 (excluding interest accrued to, but excluding, the Redemption Date). In lieu of receiving the redemption price, holders of the Notes may surrender their Notes for conversion at any time before 5:00 p.m., Eastern time, on January 9, 2017.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
Number Exhibit
99.1 Press release, dated December 12, 2016
EXHIBIT INDEX
99.1 Press release, dated December 12, 2016
About ALTRA INDUSTRIAL MOTION CORP. (NASDAQ:AIMC)
Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement. The Company’s product portfolio includes clutches and brakes, couplings and gearing, and power transmission components. Its products are used in a range of manufacturing processes. Its products are also used in non-manufacturing applications, such as clutches and brakes for elevators, and residential and commercial lawnmowers. The Company’s products serve a range of end markets, including energy, general industrial, material handling, mining, transportation, and turf and garden. ALTRA INDUSTRIAL MOTION CORP. (NASDAQ:AIMC) Recent Trading Information
ALTRA INDUSTRIAL MOTION CORP. (NASDAQ:AIMC) closed its last trading session down -0.33 at 35.05 with 563,831 shares trading hands.