Issuer / Guarantor | Adtran Holdings Inc |
---|---|
Size | USD 201.25mn |
Type | Convertible |
Leads | Evercore |
Maturity | 15 Sep 2030 (5 years) |
Coupon | 3.75% (3.75 - 4.25%) |
Premium | 30% (27.5 - 32.5%) |
Calls | NC3; PC @ 130% w table MW |
Puts | t/o @ 100% |
Div protection | Ratio adjustment (Full) |
T/o protection | Make-whole table |
CoCo | 130% to Jun 2030 (4.7 yrs) |
Announced | 15 Sep 2025 |