144A Senior Convertible Notes

Industrial
144A Senior Convertible Notes

Summary

Baird served as a co-manager on this offering

About

Altra Holdings, Inc. (“Altra” or the “Company”) (NasdaqGS: AIMC) recently priced an offering of $85 million aggregate principal amount 144A senior convertible notes due 2031, which includes the fully exercised over-allotment option of $10 million. The notes bear interest at 2.75% per annum. The Company intends to use proceeds from the offering to fund the acquisition of the Gearmotor Business of Danfoss Bauer GmbH and for general corporate purposes.

Altra, headquartered in Braintree, Massachusetts, is a leading multinational designer, producer and marketer of a wide range of mechanical power transmission products. The Company’s primary products include industrial clutches and brakes, enclosed gear drives, open gearing, engineered belted drives, couplings, engineered bearing assemblies and linear components. The Company brings together strong brands covering over 40 product lines with production facilities in eight countries and sales coverage in over 70 countries. Leading brands include Boston Gear, Warner Electric, TB Wood's, Formsprag Clutch, Ameridrives Couplings, Industrial Clutch, Kilian Manufacturing, Marland Clutch, Nuttall Gear, Stieber Clutch, Wichita Clutch, Twiflex Limited, Bibby Transmissions, Matrix International, Inertia Dynamics, Huco Dynatork and Warner Linear.

Baird served as a co-manager on the offering.

For additional information about this transaction, please contact:

Brian McDonagh (704) 553-6611
Joe Packee (414) 298-7644
Pat Lawton (414) 298-7764
Peter Kies (414) 765-7262
Industrial
144A Senior Convertible Notes
Date
March 2011
Company
Altra Holdings, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America

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