05:11 PM EDT, 09/09/2025 (MT Newswires) -- Astronics ( ATRO ) said late Tuesday that it plans to privately offer $210 million in convertible senior notes due 2031 to qualified institutional investors, with an additional $15 million option for initial purchasers.

The company plans to use the proceeds for capped call transactions to mitigate dilution and, together with credit facility borrowings, repurchase a portion of its 5.5% convertible notes due 2030.

Astronics ( ATRO ) noted that the capped calls are structured to counter dilution up to at least a 90% premium over the stock's average price on the offering's pricing date, the company said.