Kaman Corp. (KAMN) has issued an update.
A recent acquisition by a parent company was financed through a mix of equity and debt, with a new credit agreement providing substantial secured loan facilities. The merger has led to changes in the conversion rate of the company’s convertible senior notes and significant corporate actions, including the delisting of common stock from the NYSE and the alteration of the company’s Certificate of Incorporation and Bylaws. These strategic financial maneuvers aim to reshape the company’s financial structure and market presence.
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