Press-Releases

Altair Announces Sale of $230 Million Aggregate Principal


TROY, Mich., June 24, 2022 (GLOBE NEWSWIRE) — Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) today announced the closing of its private offering of convertible senior notes and the exercise in full of the initial purchaser’s option to purchase additional convertible senior notes. At a closing on June 14, 2022, Altair sold $200 million aggregate principal amount of 1.750% convertible senior notes due 2027 and at a closing on June 24, 2022, Altair sold an additional $30 million aggregate principal amount of such notes upon the initial purchaser’s exercise in full of its option.

About Altair (Nasdaq: ALTR)

Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

Media contacts

Altair
Dave Simon
248-614-2400 ext. 332
dls@altair.com 

Altair Investor Relations
The Blueshirt Group
Monica Gould
+1.212.871.3927
ir@altair.com

 



Source link

The content is by Globe Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.

Back to top button