Altair Announces Sale of $230 Million Aggregate Principal Amount of Convertible Senior Notes
June 14 2019 - 04:05PM
Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) today announced
the closing of its public offering of convertible senior notes and
the exercise in full of the underwriters’ option to purchase
additional convertible senior notes. At a closing on June 10,
2019, Altair sold $200 million aggregate principal amount of its
0.250% convertible senior notes due 2024 and at a closing on June
14, 2019, Altair sold an additional $30 million aggregate principal
amount of such notes upon the underwriters’ exercise in full of
their option.
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and RBC
Capital Markets, LLC acted as book-running managers for the
offering.
This offering was made only by means of a prospectus supplement,
a free writing prospectus authorized by Altair and the accompanying
prospectus. A copy of the final prospectus supplement and
prospectus may be obtained by contacting J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone at (866) 803-9204 or email:
prospectus-eq_fi@jpmchase.com, Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York,
NY 10282, by telephone at (866) 471-2526, or by emailing
prospectus-ny@ny.email.gs.com or RBC Capital Markets, LLC,
Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York,
NY 10281; telephone: (877) 822-4089.
An effective registration statement relating to these securities
was filed with the Securities and Exchange Commission on June 4,
2019. Copies of the registration statement can be accessed
through the SEC's website at www.sec.gov. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
About Altair
Altair is a global technology company that provides software and
cloud solutions in the areas of product development,
high-performance computing and data intelligence. Altair
enables organizations across broad industry segments to compete
more effectively in a connected world while creating a more
sustainable future.
Investor and Media Relations Dave Simon Altair
248-614-2400 ext. 332 ir@altair.com
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