Mergers & Acquisitions ·
Atkore gives conditional notice to redeem $400M of 4.25% Senior Notes due 2031
ATKRAtkore Inc.
Atkore Inc. issued a conditional notice to redeem all outstanding $400,000,000 aggregate principal amount of its 4.25% Senior Notes due 2031 on October 19, 2026, or a later date if conditions are met. The redemption price is set at 102.125% of the principal amount plus accrued interest. This action is contingent upon the completion of Atkore's merger with Prysmian S.p.A., which must provide sufficient funds to effectuate the redemption in compliance with the Indenture terms. If the merger conditions are not satisfied or waived by the original or delayed redemption date, the notice may be rescinded and the redemption will not occur. Atkore Inc. manufactures electrical products and systems.