Air Transport Services Group (ATSG) is planning to launch $350 million of convertible senior notes due 2029 in a private offering under Rule 144A. ATSG also expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $50 million of notes. The notes will be senior, unsecured obligations of ATSG, that will accrue interest payable semi-annually in arrears and will mature on August 15, 2029, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in “certain circumstances and during specified periods”. ATSG will settle conversions in cash
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